24. Which of the following would be classified as a Financial Institution? A. Cash for Gold В. Express It Public Workers Cooperative Credit Union Water & Sewerage Corporation С. D. PAR 25. Which of the following people would NOT be counted in the labour force? Chloe, who lost her job and last looked for work three weeks ago. Abigail, who holds a Ph.D. in history, but can only find part-time employment at a food restaurant. А. В. С. Ryan, who would like to work as a stockbroker until he reaches the age for manc retirement. Marlon, who thinks he could easily earn $100 000 per year, has a degree in management, but has not looked for a job since he graduated five years ago. D. 26. Why is full employment considered a major economic goal? Economic growth can only occur when there is full employment. Inflation will be lower when full employment is achieved. Specialisation is not possible without full employment. The opportunity cost of unemployment is lost production. А. В. С. D. 27. What is necessary to make production possible? A market system TOTAL M А. В. Government С. Low interest rates D. Saving 28. What is another term for an investment good? A. Capital В. Interest С. Savings D. Rent

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Can you answer all question please. This is not a test just a review paper for my class
24.
Which of the following would be classified as a Financial Institution?
A.
Cash for Gold
B.
Express It
Public Workers Cooperative Credit Union
Water & Sewerage Corporation
С.
D.
[1]
PART
25.
Which of the following people would NOT be counted in the labour force?
Chloe, who lost her job and last looked for work three weeks ago.
Abigail, who holds a Ph.D. in history, but can only find part-time employment at a fast-
food restaurant.
A.
В.
С.
Ryan, who would like to work as a stockbroker until he reaches the age for mandatory
10 A retirement.
D.
Marlon, who thinks he could easily earn $100 000 per year, has a degree in labour
management, but has not looked for a job since he graduated five years ago.
[1]
26.
Why is full employment considered a major economic goal?
Economic growth can only occur when there is full employment.
Inflation will be lower when full employment is achieved.
Specialisation is not possible without full employment.
The opportunity cost of unemployment is lost production.
А.
В.
bwhich
(1]
С.
D.
27.
What is necessary to make production possible?
A market system
OTAL
A.
В.
Government
С.
Low interest rates
[1]
D.
Saving
28.
What is another term for an investment good?
Сapital
Interest
А.
В.
С.
Savings
[1]
D.
Rent
Transcribed Image Text:24. Which of the following would be classified as a Financial Institution? A. Cash for Gold B. Express It Public Workers Cooperative Credit Union Water & Sewerage Corporation С. D. [1] PART 25. Which of the following people would NOT be counted in the labour force? Chloe, who lost her job and last looked for work three weeks ago. Abigail, who holds a Ph.D. in history, but can only find part-time employment at a fast- food restaurant. A. В. С. Ryan, who would like to work as a stockbroker until he reaches the age for mandatory 10 A retirement. D. Marlon, who thinks he could easily earn $100 000 per year, has a degree in labour management, but has not looked for a job since he graduated five years ago. [1] 26. Why is full employment considered a major economic goal? Economic growth can only occur when there is full employment. Inflation will be lower when full employment is achieved. Specialisation is not possible without full employment. The opportunity cost of unemployment is lost production. А. В. bwhich (1] С. D. 27. What is necessary to make production possible? A market system OTAL A. В. Government С. Low interest rates [1] D. Saving 28. What is another term for an investment good? Сapital Interest А. В. С. Savings [1] D. Rent
29.
Which of the following is NOT usually a long-term aim of government policy?
To achieve economic growth.
To eliminate balance of payment deficits.
To increase unemployment.
A.
B.
С.
D.
To reduce inflation.
30.
What does the retail price index measure?
It measures changes in the average cost of living.
It measures changes in the average standard of living.
It measures changes in the demand for consumer goods.
It measures changes in the patterns of consumer spending.
A.
В.
С.
D.
TOTAL MARKS
olgms lut
Transcribed Image Text:29. Which of the following is NOT usually a long-term aim of government policy? To achieve economic growth. To eliminate balance of payment deficits. To increase unemployment. A. B. С. D. To reduce inflation. 30. What does the retail price index measure? It measures changes in the average cost of living. It measures changes in the average standard of living. It measures changes in the demand for consumer goods. It measures changes in the patterns of consumer spending. A. В. С. D. TOTAL MARKS olgms lut
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