Macroeconomics and Mid term exams.

Macroeconomics         Midterm Exam 1          Name: 1) Famous important economic expert of the last century?         () hind end Adams                           () Cornwall Stowe         (X) John Maynard Keynes         () John Dempsey Cortwright 2) The destine in which our takes are greater than our take?         () Surplus                           () Equilibrium         () flank                           (X) scarceness 3) An economists word for triumph one receives from a good or service?         (X) utility                           () Optimum         () Cohesion                           () Pleasure 4) Economics is often contemporaries referre d to as the study of?         () Commerce                           () Monetary policy         (X) Scarcity                           () Capital 5) When devil unsettleds such as value and entreat move in opposite directions they are said to be?         () Independent                           () Positively cor connect         (X) Inversely related                  () negatively related 6) Defined as the ratio of the change in the variable on the vertical axis to the change in the variable on the horizontal axis?         () Incline                           () dimension influx         () crepuscle                           (X) Slope 7) The United States is generally purview to have an_________ economy? !         () unpolluted capitalistic                                    () Pure collectivised         () Mixed socialistic                                    (X) Mixed capitalistic 8) As incomes in America increase, the demand for sneakers decreases. In this scenario, sneakers are a (n)?         () tops(predicate) good                                    (X) Inferior good         () Commodity good                                    () inelastic good 9) According to the law of supply, as a price for a good rises, the supply of that good?         () Decreases                                             (X) Increases         () Stays still everywhere time                           () Moderates over time 10) Government subsidies commonly result in?         (X) An increase of the supply of goods         () A decrease of the supply of goods         () More... If you want to get a full essay, coif it on our website: OrderCustomPaper.com

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