FBLA Economics

FBLA ECONOMICS 2022 QUESTIONS AND ANSWERS WITH COMPLETE SOLUTION

FBLA ECONOMICS 2022 QUESTIONS AND ANSWERS WITH COMPLETE SOLUTION

In terms of number, most firms are corporations. Correct Answer False In competitive market structures, economic profits are always greater than zero in the long run. Correct Answer False Progressive Tax Correct Answer Most air pollution is in lower developed countries which do not have pollution control laws. Correct Answer False Which of the following approaches to pollution control have had the most dramatic results in decreasing pollution? Correct Answer Markets for pollution ri...

A need is something that you desire to have because someone else has one. Correct Answer False One of the problems in economics is that wants are unlimited. Correct Answer True There are only two kinds of economic resources: human and capital. Correct Answer False Labor is another name for human resources. Correct Answer True Some resources, such as clean air and water, are limited. Correct Answer True Scarcity is a problem that is faced by individuals and businesses but not by go...

Fiscal Policy Correct Answer Action by Congress to stabilize the economy Monetary Policy Correct Answer Actions by the Federal Reserve Bank to stabilize the economy Autonomous Consumption Correct Answer When consumers spend a certain amount of money, no matter what, regardless of their income Disposable Income Correct Answer Income after taxes Discretionary Fiscal Policy Correct Answer Non-mandatory changes in taxation, spending, or other fiscal activities by a government in response...

FBLA ECONOMICS 2022 QUESTIONS AND ANSWERS WITH COMPLETE SOLUTION

FBLA ECONOMICS 2022 QUESTIONS AND ANSWERS WITH COMPLETE SOLUTION

FBLA Economics Practice 2022 Updated Questions and Answers with complete solution

FBLA ECONOMICS 2022 QUESTIONS AND ANSWERS WITH COMPLETE SOLUTION

FBLA ECONOMICS 2022 QUESTIONS AND ANSWERS WITH COMPLETE SOLUTION