Week 2 - Quiz 1 - Results
Attempt 1 of 2
2026
-
Attempt Score
90 %
-
Overall Grade (Highest Attempt)
90 %
Questions for Quiz 1 (Weeks 1 & 2)
Question 1 points
A trade surplus occurs when
Question options:
foreign firms open more stores in a country than the country opens in foreign coun
a country's firms open more stores abroad than foreign firms open in the country.
a country sells more abroad than it purchases from abroad.
a country purchases more from abroad than other countries purchase from it.
Question 2 points
Which sector contributes to GDP through government spending?
Question options:
Investments by private companies
Consumer spending on goods and services
Net exports of a country
Purchases of goods and services by public institutions
, Question 3 points
A firm's value added can be measured as the value of its
Question options:
profits.
total sales, less purchases from other firms.
purchases of inputs from other firms.
total sales.
Question 4 points
Which of the following would lead to an increase in demand for a product?
Question options:
An increase in the price of complementary goods.
A decrease in consumer incomes.
An increase in production costs for the product.
A successful advertising campaign for the product.
Question 5 points
Gross domestic product calculations count only final goods and services
because
Question options:
one cannot calculate the quantities of intermediate goods produced.
it is difficult to measure the prices of intermediate goods produced.
Attempt 1 of 2
2026
-
Attempt Score
90 %
-
Overall Grade (Highest Attempt)
90 %
Questions for Quiz 1 (Weeks 1 & 2)
Question 1 points
A trade surplus occurs when
Question options:
foreign firms open more stores in a country than the country opens in foreign coun
a country's firms open more stores abroad than foreign firms open in the country.
a country sells more abroad than it purchases from abroad.
a country purchases more from abroad than other countries purchase from it.
Question 2 points
Which sector contributes to GDP through government spending?
Question options:
Investments by private companies
Consumer spending on goods and services
Net exports of a country
Purchases of goods and services by public institutions
, Question 3 points
A firm's value added can be measured as the value of its
Question options:
profits.
total sales, less purchases from other firms.
purchases of inputs from other firms.
total sales.
Question 4 points
Which of the following would lead to an increase in demand for a product?
Question options:
An increase in the price of complementary goods.
A decrease in consumer incomes.
An increase in production costs for the product.
A successful advertising campaign for the product.
Question 5 points
Gross domestic product calculations count only final goods and services
because
Question options:
one cannot calculate the quantities of intermediate goods produced.
it is difficult to measure the prices of intermediate goods produced.
