1.09 Quiz: Dollars and Sense QUESTIONS
AND ANSWERS
1. What is one reason that human beings want to minimize charges? - ANSWER-Costs
are frequently awful matters that people do not need to simply accept.
2. Which nice describes the selection-making method when doing a price-gain evaluation?
- ANSWER-weighing professionals and cons
3. Which first-class describes the motive of the usage of price-benefit evaluation? -
ANSWER-make decisions that maximize blessings
4. Which first-class describes why economic signs are beneficial? - ANSWER-They help
humans determine how healthy a country's financial system is.
5. Which describes gross home product (GDP)? - ANSWER-cost of all items and
services produced in a rustic
6. Which describes stagnation? - ANSWER-while something is neither developing nor
shrinking
7. Which describes the unemployment charge? - ANSWER-the percentage of people
who're out of labor
8. Which economic indicator measures a selected type of financial interest? -
ANSWER-retail sales
9. Which monetary indicator measures financial increase? - ANSWER-GDP through the
years
10.Which economic indicator measures the overall price of goods and offerings? -
ANSWER-gross domestic product
11.Which economic indicator would be maximum beneficial for identifying how plenty
something you acquire these days fee 10 years in the past? - ANSWER-Consumer
Price Index
12.Which explains the growth in the fee of an object from $10 in 1980 to over $25 today? -
ANSWER-inflation
13.Which helps economists decide the general circumstance of a selected usa's financial
system? - ANSWER-dimension of financial indicators
14.Which is a easy manner of describing value-benefit evaluation? - ANSWER-making a
decision via list execs and cons
15.Which is actual of choices made the use of cost-gain evaluation? - ANSWER-The
first-rate decision results inside the maximum advantages with the fewest
expenses.
16.Which lists a number of the nonmonetary elements that are taken into account when
doing fee-benefit evaluation? - ANSWER-effort and time
17.Which shows that an financial system is growing? - ANSWER-The GDP is getting
bigger.
18.Which indicates that an economic system is stagnating? - ANSWER-The GDP is
neither developing nor shrinking.
AND ANSWERS
1. What is one reason that human beings want to minimize charges? - ANSWER-Costs
are frequently awful matters that people do not need to simply accept.
2. Which nice describes the selection-making method when doing a price-gain evaluation?
- ANSWER-weighing professionals and cons
3. Which first-class describes the motive of the usage of price-benefit evaluation? -
ANSWER-make decisions that maximize blessings
4. Which first-class describes why economic signs are beneficial? - ANSWER-They help
humans determine how healthy a country's financial system is.
5. Which describes gross home product (GDP)? - ANSWER-cost of all items and
services produced in a rustic
6. Which describes stagnation? - ANSWER-while something is neither developing nor
shrinking
7. Which describes the unemployment charge? - ANSWER-the percentage of people
who're out of labor
8. Which economic indicator measures a selected type of financial interest? -
ANSWER-retail sales
9. Which monetary indicator measures financial increase? - ANSWER-GDP through the
years
10.Which economic indicator measures the overall price of goods and offerings? -
ANSWER-gross domestic product
11.Which economic indicator would be maximum beneficial for identifying how plenty
something you acquire these days fee 10 years in the past? - ANSWER-Consumer
Price Index
12.Which explains the growth in the fee of an object from $10 in 1980 to over $25 today? -
ANSWER-inflation
13.Which helps economists decide the general circumstance of a selected usa's financial
system? - ANSWER-dimension of financial indicators
14.Which is a easy manner of describing value-benefit evaluation? - ANSWER-making a
decision via list execs and cons
15.Which is actual of choices made the use of cost-gain evaluation? - ANSWER-The
first-rate decision results inside the maximum advantages with the fewest
expenses.
16.Which lists a number of the nonmonetary elements that are taken into account when
doing fee-benefit evaluation? - ANSWER-effort and time
17.Which shows that an financial system is growing? - ANSWER-The GDP is getting
bigger.
18.Which indicates that an economic system is stagnating? - ANSWER-The GDP is
neither developing nor shrinking.
