1 of 35
Term Definition
People who buy stock in a
c.
corporation such as General
Electric become
a. creditors of General Electric,
so the benefits of holding the
stock depend on General
Electric's profits.
b. creditors of General Electric,
but the benefits of holding the
stock do not depend on
General Electric's profits
c. part owners of General
Electric, so the benefits of
holding the stock depend on
General Electric's profits
d. part owners of General
Electric, but the benefits of
,holding the stock do not
depend on General Electric's
profits.
Give this one a try later!
True False
2 of 35
Term Definition
n a closed economy, what does a.
(Y - T - C) represent?
a. national saving
b. government tax revenue
c. public saving
d. private saving
Give this one a try later!
True False
Correct definition
d.
3 of 35
Term Definition
, You pay for cheese and bread c.
from the deli with currency.
Which function of money does
this best illustrate?
a. medium of exchange
b. unit of account
c. store of value
d. liquidity
Give this one a try later!
True False
Correct definition
a.
4 of 35
Term Definition
Cyclical unemployment is b.
closely associated with
a. long-term economic growth.
b. short-run ups and downs of
the economy.
c. fluctuations in the natural rate
of unemployment.
d. changes in the minimum
wage.
Term Definition
People who buy stock in a
c.
corporation such as General
Electric become
a. creditors of General Electric,
so the benefits of holding the
stock depend on General
Electric's profits.
b. creditors of General Electric,
but the benefits of holding the
stock do not depend on
General Electric's profits
c. part owners of General
Electric, so the benefits of
holding the stock depend on
General Electric's profits
d. part owners of General
Electric, but the benefits of
,holding the stock do not
depend on General Electric's
profits.
Give this one a try later!
True False
2 of 35
Term Definition
n a closed economy, what does a.
(Y - T - C) represent?
a. national saving
b. government tax revenue
c. public saving
d. private saving
Give this one a try later!
True False
Correct definition
d.
3 of 35
Term Definition
, You pay for cheese and bread c.
from the deli with currency.
Which function of money does
this best illustrate?
a. medium of exchange
b. unit of account
c. store of value
d. liquidity
Give this one a try later!
True False
Correct definition
a.
4 of 35
Term Definition
Cyclical unemployment is b.
closely associated with
a. long-term economic growth.
b. short-run ups and downs of
the economy.
c. fluctuations in the natural rate
of unemployment.
d. changes in the minimum
wage.
