MACROECONOMICS true or false questions

  

1. The law of demand states that there is a direct relationship between supply and demand.2.  Equilibrium is a state of balance between supply and demand.A) TrueB) False 3. Goods are scarce for both rich and poor.A) TrueB) False 4. “The big corporations in this country, like ExxonMobil and GM, have deep pockets and need to be hiring more people.” This is a positive statement about economic policy.A) TrueB) False 5. The law of supply states that there is a direct relationship between price and quantity demanded.A) TrueB) False 6. In the circular flow model, firms own economic resources, and householdsbuy the manufactured products and services.A) TrueB) False 7. Households play a dual role of providing the factors of production whilepurchasing the goods and services of firms.A) TrueB) False 8. At point A, more “X” goods are being produced than at point E.A) TrueB) False 9. At point B, almost all “X” goods are being produced and almost no”Y” goods.A) TrueB) False 10. Point C is unattainable.A) TrueB) False 11. In the immediate term, Point D is unattainable.A) TrueB) False 12. Opportunity cost is the lowest valued benefit that must be sacrificed asthe result of choosing an alternative.A) TrueB) False 13. Scarcity denotes that our desire for a good exceeds the amount that isfreely available from nature.A) TrueB) False 14. Economics is a social science concerned with satisfying man’s unlimitedwants with limited resources.A) TrueB) False 15. Joint output of individuals or nations will be maximized when goods areexchanged between parties in accordance with the law of”comparative advantage”.A) TrueB) False 16. The production possibilities frontier assumes that the level of technologyvaries when applying the model.A) TrueB) False 17. Excess demand in the market will cause the price of a product to decline.A) TrueB) False 18. Demand is measured on the vertical axis and supply on the horizontalaxis.A) TrueB) False 19. A change in quantity demanded is a movement along the same demandcurve.A) TrueB) False 20. As globalization and world trade proliferates, individual markets withincountries’ economies become more competitive.A) TrueB) False

Don't use plagiarized sources. Get Your Custom Essay on
MACROECONOMICS true or false questions
Just from $10/Page
Order Essay
Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 30% with the discount code ESSAYSHELP