ASHFORD 5 WEEK 4 ECO 100 QUIZ

Jul 25th, 2016
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Question 1. 1. The total amount of income earned by U.S. resource suppliers in a year, plus taxes on production and imports, is measured by: (Points : 1) gross domestic product. national income. personal income. disposable income. Question 2. 2. The foreign purchases effect: (Points : 1) shifts the aggregate demand curve rightward. shifts the aggregate demand curve leftward. shifts the aggregate supply curve rightward. moves the economy along a fixed aggregate demand curve. Question 3. 3. Final goods and services refer to: (Points : 1) goods and services that are unsold and therefore added to inventories. goods and services whose value has been adjusted for changes in the price level. goods and services purchased by ultimate users, rather than for resale or further processing. the excess of U.S. exports over U.S. imports. Question 4. 4. Other things being equal, if a once-competitive firm attains a high degree of monopoly power, its resource demand curve will: (Points : 1)

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ASHFORD 5 WEEK 4 ECO 100 QUIZQuestion 1. 1. The total amount of income earned by U.S. resource suppliers in a year, plus taxeson production and imports, is measured by: (Points : 1)gross domestic product.national income.personal income.disposable income.Question 2. 2. The foreign purchases effect: (Points : 1)shifts the aggregate demand curve rightward.shifts the aggregate demand curve leftward.shifts the aggregate supply curve rightward.moves the economy along a fixed aggregate demand curve.Question 3. 3. Final goods and services refer to: (Points : 1)goods and services that are unsold and therefore added to inventories.goods and services whose value has been adjusted for changes in the price level.goods and services purchased by ultimate users, rather than for resale or further processing.the excess of U.S. exports over U.S. imports.Question 4. 4. Other things being eq

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