GEB 1011 Midterm Questions with 100%
Correct Answers
Publix Super Markets would be classified as _______.
service business
sole proprietorships
marketing intermediary
manufacturing establishment
perfect competition
marketing intermediary
In France, income taxes are reduced so that individuals will have more income to spend,
which in turn will stimulate the economy. This is an example of _______.
the business cycle
economic stimulation
monetary policy
recession fiscal policy
economic stimulation
Which of the following is not a measure of the economic health of a nation?
Productivity rate
Consumer price index
Unemployment rate
Business cycle rate
Gross domestic product
Business cycle rate
, When scientists study the impacts of inflation, unemployment, government spending,
and taxes on the national economy, they are using a(n) _______ approach.
macroeconomics
microeconomics
mesoeconomics
monetary
intuitive
macroeconomics
The nationalization of key industries by countries such as Sweden and Norway is
characteristic of a(n) _______ economy.
socialist
communist
capitalist
nationalist
industrialized
Socialist
During which phase of the business cycle would Dyson, a small-appliance manufacturer,
be most likely to introduce new products?
Repression
Peak
Recession
Depression
Recovery
Peak
Correct Answers
Publix Super Markets would be classified as _______.
service business
sole proprietorships
marketing intermediary
manufacturing establishment
perfect competition
marketing intermediary
In France, income taxes are reduced so that individuals will have more income to spend,
which in turn will stimulate the economy. This is an example of _______.
the business cycle
economic stimulation
monetary policy
recession fiscal policy
economic stimulation
Which of the following is not a measure of the economic health of a nation?
Productivity rate
Consumer price index
Unemployment rate
Business cycle rate
Gross domestic product
Business cycle rate
, When scientists study the impacts of inflation, unemployment, government spending,
and taxes on the national economy, they are using a(n) _______ approach.
macroeconomics
microeconomics
mesoeconomics
monetary
intuitive
macroeconomics
The nationalization of key industries by countries such as Sweden and Norway is
characteristic of a(n) _______ economy.
socialist
communist
capitalist
nationalist
industrialized
Socialist
During which phase of the business cycle would Dyson, a small-appliance manufacturer,
be most likely to introduce new products?
Repression
Peak
Recession
Depression
Recovery
Peak
