Economics

Macroeconomics, 9e (Abel/Bernanke/Croushore) Chapter 2 The Measurement and Structure of the National Economy 2.1 National Income Accounting 1) The accounting framework used in measuring current economic activity is called A) the U.S. expenditure accounts. B) the national income accounts. C) the flow of funds accounts. D) the balance of payments accounts. Answer: B Diff: 1 Topic: Section: 2.1 Question Status: Previous Edition 2) The three approaches to measur...

Macroeconomics, 10e (Abel/Bernanke/Croushore) Chapter 2 The Measurement and Structure of the National Economy 2.1 National Income Accounting 1) The accounting framework used in measuring current economic activity is called A) the U.S. expenditure accounts. B) the national income accounts. C) the flow of funds accounts. D) the balance of payments accounts. Answer: B Diff: 1 Topic: Section: 2.1 Question Status: Previous Edition 2) The three approaches to measu...

Chapter 2 Sample MULTIPLE CHOICE - Choose the one alternative that best completes the statement or answers the question. 1) In a competitive market, the market demand is Q d = 60 - 6P and the market supply is Q s = 4P. A price ceiling of $3 will result in a A) shortage of 30 units. B) shortage of 15 units. C) surplus of 30 units. D) surplus of 12 units. 2) In a competitive market, the market demand is Q d = 60 - 6P and the market supply is Q s = 4P. The...

File: ch01, Chapter 1: The Power of Principles: A Historical Perspective Multiple Choice 1. Which of the following did not contribute to the high transaction related risks for U.S. potato sales in 1840? a) Infrequency of transactions b) Changing transaction partners c) Lack of availability of sales and prices for comparable goods d) Competition from European merchants e) Geographic distance between buyers and sellers Ans: d Learning Objective: Describe the operation o...