This test is based on the ACEE's survey that produced the most common misconceptions concerning economics. By the end of the course, students will understand all the concepts touched on here. Read the following questions carefully and take your time. So, let's try out the quiz. All the best!
Rent paid to them on their property
Interest on stocks and bonds
Wages and salries from their jobs
The federal and state governments.
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A bureaucrat
A manager
An entrepreneur
A Chief Executive Officer (CEO)
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Choose after comparing costs and benefits of both items
Choose the item that costs less
Chosse the item with the greatest benefits
Choose the item that you want
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Lower jean prices and more jeans bought
Higher jean prices and fewer jeans bought
No change
Lower jean prices and fewer jeans bought
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Only the person renting the apartment
Only the landlord
Both the renter and the landlord
Mortgage companies
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Japanese automakers
American automakers
American consumers
Japanese consumers
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Reduce the use of those resources
Try to get more resources
Focus on their most abundant resource
Make choices about how to use resources
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Helps predict stock prices
Helps predict corporate earnings
Brings together buyers and sellers of stocks
Generally increases the prices of stocks
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Producers and the government
Government
Consumers
Producers, consumers, and government
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Increase investment spending
Decrease the number of employees
Increase their prices
See an increase in their stock prices
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It holds its value during times of inflation
It makes saving more difficult
It makes buying and selling easier
It doesn't hold its value
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Available apartments will equal the number of people who want to rent them
There will be fewer apartments than people who want to rent them
There will be more apartments than people who want to rent them.
No change.
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Surplus
Shortage
Budget deficit
National debt
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The price of all japanese goods increases
Japan will import more goods into the US
Americans in Japan will see that their dollar will buy more goods and services
America will increase its exports to Japan
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Increased regulation on polluting companies
Eliminating all air pollution
Reducing air pollution until the cost of further reductions outweighs the benefits
Government sponsored "green" automobiles
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Banks that loaned money at a fixed interest rate
People living on fixed incomes
People who borrowed money at fixed interest rates
Businesses
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The amount of final goods and services produced
The number of resources used to produce goods and services
Prices of final goods and services
Demand for final goods and services
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Taxing all new inventions in the industry
Investing more into research and development
Increased government regulation of the industry
Greater use of PCs by individuals
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