Browse Economics resources and answers on Quizzma.
The United States has a comparative advantage in -skilled labor. This explains why the United States is a net of manufactured goods. high importer high exporter low importer low exporter
Read more →When consumers purchase alternative products as a result of a change in the price of an original product, this illustrates the income effect. the marginal effect. the substitution effect. the demand effect.
Read more →The demand and supply functions for your college newspaper are respectively, q= 11,000p-1,600 and q=4,000p+500 , where p is the price in dollars. At what price should the newspapers be sold so that there is neither a surplus nor a…
Read more →A business cycle is best defined as a period of high inflation followed by a period of deflation. a short-run temporary upward or downward movement of economic activity or real GDP that occurs around the growth trend the increase in…
Read more →What does the Consumer Price Index (CPI) measure? The CPI measures the rate of inflation. The CPI measures the effect of deflation. The CPI measures the use of factors of production. The CPI measures the public’s demand for goods.
Read more →Chain supermarkets and shopping mall stores: discouraged consumerism. Emphasized suburban conformity. encouraged people to move to urban areas. encouraged creativity and individualism.
Read more →Income contribution to well-being can be in the form of A. begging on the street. B. having uncomfortable lifestyle. C. improvement in standard of living. D. not being able to satisfy your needs and wants.
Read more →When Molson Coors Beverage Company sells Coors beer made in the United States, to Germany, the sales of its product would be classified as a U.S. countertrade arrangement. Export. import. Foreign aid shipment.
Read more →Which BEST describes the relationship between the federal government and state/local finances? State and local finances rely very little on federal grants. State and local finances are heavily reliant on federal grants. Federal grants are…
Read more →If demand has a small increase and supply has a large decrease, what happens to price and quantity? price goes up and quantity goes down price goes down and quantity goes down price goes up and quantity goes up price goes down and…
Read more →If demand increases and supply stays the same, what happens to price and quantity? price goes up and quantity goes down price goes down and quantity goes up price goes up and quantity goes up price goes down and quantity goes down
Read more →The United States Department of Labor maintains a database of previously compiled job analyses for different jobs and occupations. What is the database called? a. BLS b. JobStor c. O*Net d. USDL database
Read more →What is “principal”? The amount you earn on an investment. The original money invested. The interest on interest earned. None of the above.
Read more →The compensation for investors who tolerate extra risk is called: A Cost of goods sold. B Rate of return. C Risk premium. D Opportunity costs
Read more →What answers apply to “mutual funds”? A. They might be smart investments for all young people. B. Mutual funds contain a combination of different types of stocks. C. Mutual funds are commonly found in retirement accounts. D. All of the…
Read more →What ROI will you need to double your money in 6 years? 12%. 15%. 9%. 10%.
Read more →Certificates of deposit insured by the NCUA or FDIC are: A One of the safest and easiest investments. B High risk and high return. C Moderate risk. D Always identified by a paper certificate.
Read more →In finance, what is the “time horizon”? A. The length of time it takes to graduate from high school. B. The length of time it takes to order a pizza for delivery. C. The length of time that you plan on saving before liquidating your…
Read more →Which one of these is an example of unnecessary debt? A. You buy a perfectly good used car instead of an expensive new car. B. You buy your groceries on Friday instead of coupon Monday. C. You charge clothes you don’t really need on a…
Read more →You bring your lunch to your part-time job instead of spending $8 on lunch. You put the $8 in your savings account. This is an example of opportunity cost. True False
Read more →Which choice defines the value of the things you have to give up when making a decision? A. Opportunity cost. B. Patience. C. Economic cost. D. Marginal cost.
Read more →Generally, higher risk means you will have a lower rate of return on your investments. True False
Read more →Liquidity is the amount of cash you have plus any other assets that you can quickly convert into cash. True False
Read more →The amount of risk you are willing to take in investments is defined specifically as “risk premium.” True False
Read more →A good question to ask yourself when you are deciding if you should put money into savings or investments is “when will I need the money?” True False
Read more →Unnecessary debt, like debt on credit and store charge cards, can destroy your investment opportunities. Why? Because you pay more in interest on your debt than you could make on your investments.
Read more →You should look at your “time horizon” when deciding to put money into a savings account or an investment account. True False
Read more →What is the main risk you face when you buy stocks as investments? A. The value of your investment fluctuates with the profits and losses of the company and you have virtually no control over that fluctuation. B. You can only sell your…
Read more →One of the safest and easiest investments for young people is: A. Stocks and Bonds. B. Mutual funds. C. NCUA or FDIC Insured certificates of deposit. D. Bingo.
Read more →Which statements indicate smart steps for the first-time investor? A. Start making “opportunity cost” decisions now! Start giving up something nice now for something a lot better later. B. When you get your first credit card, do not use…
Read more →According to FoolProof, what is the main reason most people don’t invest on a regular basis? Choose the most correct answer. A. They don’t have an investment goal. That’s why goal-setting is such an important part of any savings or…
Read more →What ROI will you need to double your money in 12 years? A. 7% B. 6% C. 5% D. 9%
Read more →Using the Rule of 72, how many years would it take to double your money if your ROI is 4%? A. 16 years. B. 22 years. C. 14 years. D. 18 years.
Read more →“Rate of Return,” “Return on Investment,” and ROI all mean the same thing. Which answer best describes these terms? A. ROI is the amount of money returned to you if you ask for it within the first year of investing it. B. ROI is the…
Read more →Which choice best reflects why some people consistently make bad investments? A. They didn’t do their homework on the investment and therefore didn’t understand the risk. B. They believed the person trying to sell them an investment…
Read more →Why do many experts recommend longer “time horizons” if you are making high-risk investments? Choose the most correct answer. A. If you have a longer time horizon you are capable of making more in interest in that time period. B. A longer…
Read more →What is “compound interest”? A. Interest that is accumulated over a period of time but only occurs in a passbook savings account. B. When you earn interest on the interest you have already made. C. When you earn interest on only the…
Read more →If you are saving money to buy a house in eight years, your “time horizon” is: A. Eight years. B. Seven years. C. Seven and a half years. D. Ten years because of house expenses.
Read more →Which one of the following are examples of unnecessary debt? A. You buy an expensive new car rather than a perfectly good used car. B. You buy your groceries on Friday instead of coupon Monday. C. You charge clothes you don’t really need…
Read more →Q: Which of these are examples of opportunity cost? A. You skip buying new jeans and put the money in your college fund. B. You deposit your entire paycheck in your investment account instead of cashing it and taking your buddies out to…
Read more →Q: Which answer best defines “opportunity cost”? A. What it costs to take advantage of a great savings opportunity. B. The value of the things you have to give up to get something else. C. The amount you have to pay to do something. D.…
Read more →What is one question an investor should ask when deciding whether or not they would like to open a Roth ira or a traditional IRA?
Read more →What does greenwashing mean in sustainable investing?
Read more →Tomie is talking to a financial advisor to invest in managed funds. She is specifically looking for sustainability-labeled funds. What question should she ask to make sure her financial choice is sustainable and impactful?
Read more →Alejandro is thinking of investing in company A because of its sustainability goals to preserve nature. Which data should he look for to avoid greenwashing? company profile third-party reports employee reviews financial information
Read more →If people expect the future exchange rate for dollars will be lower, then in the foreign exchange market the current A . quantity demanded of dollars decreases. B . supply of dollars decreases. C . demand for dollars increases. D .…
Read more →in 2011, a dollar could be traded for 100 yen and in 2012 a dollar could be traded for 90 yen. between these two years, the dollar has become ________ valuable and so the dollar has ________.
Read more →If the United States imports goods and services for a total of $45 billion, exports goods and services for a total of $40 billion, records $4 billion as net interest and zero as net transfers, then the U.S. current account balance is?
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