Edmentum PLATO Economics Post Test
Unit 4: Regulations
1. At a alternate meeting, united states A and u . S . B, that are change companions,
conform to get rid of exchange barriers to stimulate monetary boom. They signal
______________ settlement stating that price lists on all goods may be eliminated.
Some corporations in united states B protest the settlement because they suppose it'll
lead to excessive ____________________ in a few industries, so one can threaten
______________ corporations and jobs. - ANS-a loose trade, opposition, domestic
2. GoGo Gas and Fab Fuel are among the few large manufacturers of gas within the
country. Along with other big producers, they have got shaped a formal corporation to
govern the output and rate of fuel in that u . S .. What is such an business enterprise
referred to as? - ANS-cartel
3. Match each economic time period with its description. - ANS-Monopoly: There is a
unmarried vendor in the market.
4. Oligopoly: Every business enterprise in this market shape is aware of the moves of the
opposite businesses.
5. Perfect Competition: There are no obstacles to entry in the market.
6. Collusion: Three agencies secretly enter right into a rate agreement.
7. Match the perfect monetary term with each situation. - ANS-A us of a or individual
concentrates all its efficient efficiency on producing limited items: SPECIALIZATION
8. Lisa can produce extra pens than Tim with the equal range of inputs: ABSOLUTE
ADVANTAGE
9. One unit of currency buys more units of any other forex than it did previously:
CURRENCY APPRECIATION
10. A corporation contracts with any other organization to design its website:
OUTSOURCING
11. Ria is an Indian scholar who become admitted to a US college. Her annual lessons is
$42,000. She has to pay her tuition fees in US bucks. She needs to calculate what
number of Indian rupees she will be able to want to buy one dollar. The dollar to rupee
alternate charge is 63.Seventy six and rupee to greenback alternate price is zero.1/2.
How many Indian rupees will Ria need to buy one dollar?
12.
13. A. 50.00 rupees
14. B. Fifty six.00 rupees
15. C. Sixty three.76 rupees
16. D. Seventy six.Sixty three rupees - ANS-63.76 rupees
17. Select the best location at the graph.
Unit 4: Regulations
1. At a alternate meeting, united states A and u . S . B, that are change companions,
conform to get rid of exchange barriers to stimulate monetary boom. They signal
______________ settlement stating that price lists on all goods may be eliminated.
Some corporations in united states B protest the settlement because they suppose it'll
lead to excessive ____________________ in a few industries, so one can threaten
______________ corporations and jobs. - ANS-a loose trade, opposition, domestic
2. GoGo Gas and Fab Fuel are among the few large manufacturers of gas within the
country. Along with other big producers, they have got shaped a formal corporation to
govern the output and rate of fuel in that u . S .. What is such an business enterprise
referred to as? - ANS-cartel
3. Match each economic time period with its description. - ANS-Monopoly: There is a
unmarried vendor in the market.
4. Oligopoly: Every business enterprise in this market shape is aware of the moves of the
opposite businesses.
5. Perfect Competition: There are no obstacles to entry in the market.
6. Collusion: Three agencies secretly enter right into a rate agreement.
7. Match the perfect monetary term with each situation. - ANS-A us of a or individual
concentrates all its efficient efficiency on producing limited items: SPECIALIZATION
8. Lisa can produce extra pens than Tim with the equal range of inputs: ABSOLUTE
ADVANTAGE
9. One unit of currency buys more units of any other forex than it did previously:
CURRENCY APPRECIATION
10. A corporation contracts with any other organization to design its website:
OUTSOURCING
11. Ria is an Indian scholar who become admitted to a US college. Her annual lessons is
$42,000. She has to pay her tuition fees in US bucks. She needs to calculate what
number of Indian rupees she will be able to want to buy one dollar. The dollar to rupee
alternate charge is 63.Seventy six and rupee to greenback alternate price is zero.1/2.
How many Indian rupees will Ria need to buy one dollar?
12.
13. A. 50.00 rupees
14. B. Fifty six.00 rupees
15. C. Sixty three.76 rupees
16. D. Seventy six.Sixty three rupees - ANS-63.76 rupees
17. Select the best location at the graph.
