Question
Question 1 (1.875 points)
What is the purpose of economic indicators?
Question 1 options:
figure out how fast the gross domestic product is growing
inform consumers how fast prices are going to rise
judge the overall condition of a particular country's economy
indicate whether an unemployed worker is likely to get a new job
Question 2 (1.875 points)
Which is measured by the inflation rate?
Question 2 options:
the percentage rise in price levels
the growth of housing construction
the overall value of goods and services
the amount of goods sold to consumers
Question 3 (1.875 points)
Which provides the most help for making a rational choice?
Question 3 options:
engaging in financial planning
setting up an assembly line
establishing a distribution network
fighting against government regulation
Question 4 (1.875 points)
Which does utility measure?
Question 4 options:
value
money
usefulness
satisfaction
Question 5 (1.875 points)
When immigration adds to the size of the domestic labor pool, which is likely to occur?
Question 5 options:
wages decrease
productivity increases
consumption decreases
minimum wage increases.
Question 6 (1.875 points)
Which housing decisions gives a person the best chance to make a profit on his or her investment?
Question 6 options:
buying a single-family home in a city
building condominiums in an exurb
renting an apartment
purchasing land in a rural area
Question 7 (1.875 points)
Which best describes why renting a place to live is generally cheaper than buying a home?
Question 7 options:
Mortgage interest rates are generally higher than the interest rates on other loans.
Housing prices can go up and down quickly in comparison to the level of rents.
Apartments and town houses are usually much smaller than single-family houses.
Renters don't own anything as a result of their payments, while homeowners do.
Question 8 (1.875 points)
How does the WTO promote global free trade?
Question 8 options:
enforcing strict banking regulations
creating multilateral trade agreements
providing loans for sustainable development
helping developing countries build their infrastructure
What is the purpose of economic indicators?
Question 1 options:
figure out how fast the gross domestic product is growing
inform consumers how fast prices are going to rise
judge the overall condition of a particular country's economy
indicate whether an unemployed worker is likely to get a new job
Question 2 (1.875 points)
Which is measured by the inflation rate?
Question 2 options:
the percentage rise in price levels
the growth of housing construction
the overall value of goods and services
the amount of goods sold to consumers
Question 3 (1.875 points)
Which provides the most help for making a rational choice?
Question 3 options:
engaging in financial planning
setting up an assembly line
establishing a distribution network
fighting against government regulation
Question 4 (1.875 points)
Which does utility measure?
Question 4 options:
value
money
usefulness
satisfaction
Question 5 (1.875 points)
When immigration adds to the size of the domestic labor pool, which is likely to occur?
Question 5 options:
wages decrease
productivity increases
consumption decreases
minimum wage increases.
Question 6 (1.875 points)
Which housing decisions gives a person the best chance to make a profit on his or her investment?
Question 6 options:
buying a single-family home in a city
building condominiums in an exurb
renting an apartment
purchasing land in a rural area
Question 7 (1.875 points)
Which best describes why renting a place to live is generally cheaper than buying a home?
Question 7 options:
Mortgage interest rates are generally higher than the interest rates on other loans.
Housing prices can go up and down quickly in comparison to the level of rents.
Apartments and town houses are usually much smaller than single-family houses.
Renters don't own anything as a result of their payments, while homeowners do.
Question 8 (1.875 points)
How does the WTO promote global free trade?
Question 8 options:
enforcing strict banking regulations
creating multilateral trade agreements
providing loans for sustainable development
helping developing countries build their infrastructure
Answers
Answered by
GPT-4o mini
Here are the suggested answers for each question based on economic principles:
**Question 1:** What is the purpose of economic indicators?
**Answer:** judge the overall condition of a particular country's economy
---
**Question 2:** Which is measured by the inflation rate?
**Answer:** the percentage rise in price levels
---
**Question 3:** Which provides the most help for making a rational choice?
**Answer:** engaging in financial planning
---
**Question 4:** Which does utility measure?
**Answer:** satisfaction
---
**Question 5:** When immigration adds to the size of the domestic labor pool, which is likely to occur?
**Answer:** wages decrease
---
**Question 6:** Which housing decision gives a person the best chance to make a profit on his or her investment?
**Answer:** buying a single-family home in a city
---
**Question 7:** Which best describes why renting a place to live is generally cheaper than buying a home?
**Answer:** Housing prices can go up and down quickly in comparison to the level of rents.
---
**Question 8:** How does the WTO promote global free trade?
**Answer:** creating multilateral trade agreements
---
Feel free to ask if you have more questions or need further clarification!
**Question 1:** What is the purpose of economic indicators?
**Answer:** judge the overall condition of a particular country's economy
---
**Question 2:** Which is measured by the inflation rate?
**Answer:** the percentage rise in price levels
---
**Question 3:** Which provides the most help for making a rational choice?
**Answer:** engaging in financial planning
---
**Question 4:** Which does utility measure?
**Answer:** satisfaction
---
**Question 5:** When immigration adds to the size of the domestic labor pool, which is likely to occur?
**Answer:** wages decrease
---
**Question 6:** Which housing decision gives a person the best chance to make a profit on his or her investment?
**Answer:** buying a single-family home in a city
---
**Question 7:** Which best describes why renting a place to live is generally cheaper than buying a home?
**Answer:** Housing prices can go up and down quickly in comparison to the level of rents.
---
**Question 8:** How does the WTO promote global free trade?
**Answer:** creating multilateral trade agreements
---
Feel free to ask if you have more questions or need further clarification!