Question

can you answer these

Which statement best describes on-the-job training?

An employer typically pays for it in order to educate an employee.
The student pays for it, and it is required in many professions.
It usually takes two years and tends to focus on technical training.
It lasts for several years, and it often takes four years to earn a degree.

What is one example of a closed economy?

a barter system that does not rely on money or other currency
a restricted system that blocks trade with international partners
a trade-based system that encourages the flow of goods and services
an old-fashioned system that preserves traditional choices and customs

The graph shows a demand curve with the price of a good compared to the quantity demanded.

A graph titled Demand for Microwave Ovens has quantity demanded on the x-axis, from 0 to 50 in increments of 5, and price in dollars on the y-axis, from 0 to 70 in increments of 10. A line with negative slope contains 2 points. Point (D 1, P 1) is at (15, 50), and point (D 2, P 2) is at (20, 30).

What does this graph demonstrate?

the amount of microwaves produced increases the price
the amount of microwaves produced decreases the price
the price decreases with a larger quantity demanded
the price increases with a larger quantity demanded

Savings should be treated as another type of

gross income.
net income.
tax.
expenditure.

What do the indicators used by economists reveal?

changes in production and demand
changes in employment levels
changes in prices
changes in the health of an economy

Answer 1

1) An employer typically pays for it in order to educate an employee.
- On-the-job training is provided and usually paid for by the employer while the employee works.

2) a restricted system that blocks trade with international partners.
- A closed economy does not engage in international trade.

3) the price decreases with a larger quantity demanded.
- The downward-sloping demand curve shows price falling as quantity demanded rises (e.g., from (15,50) to (20,30)).

4) expenditure.
- In budgeting advice, savings are often treated like a regular expenditure (pay yourself first); among the choices it best fits "expenditure."

5) changes in the health of an economy.
- Economic indicators (GDP, unemployment, inflation, etc.) reveal overall economic health.