Into to macroeconomics Study guides, Class notes & Summaries

What is Macroeconomics correct answers The study of the economy as a whole including topics such as inflation unemployment and economic growth What is the current unemployment rate correct answers 4.1% What are the 3 economic ideas about how people make choices in the market correct answers 1 people are rational 2 people respond to economic incentives 3 optimal decisions are made at the margins What does people are rational mean correct answers people take into account all available i...

CQIB Study Cards Questions With 100% Correct Answers Which regulator makes and enforces rules which govern the capital adequacy of Australian Banks? -Answer-The Australian Prudential Regulation Authority - APRA What events occurred in the Banking Industry in 1800s and early 1900s? -Answer-First Bank in Australia was Bank of NSW, Established in 1817 Sydney. Discovery of gold in 1851 led to minting of Australia's own gold coins spurring development of Banking. Boom in Australian property ...

AMSCO AP Macroeconomics- Unit 4 asset - correct answers Anything of value that is owned demand deposit - correct answers the money in checking accounts Liquidity - correct answers the ease with which an asset can be converted into the economy's medium of exchange Securities - correct answers All of the investments, including stocks, bonds, mutual funds, options, and commodities, that are traded. risk - correct answers Degree of uncertainty of return on an asset; in business, the li...

Scarcity correct answers Limited quantities of resources to meet unlimited wants Economics correct answers The study of the choices people make to attain their goals, given their scarce resources oppurtunity cost correct answers The highest-valued, next best alternative that must be sacrificed to obtain something or satisfy a want or to engage in an activity. Individual Behavior correct answers make ourselves as best off as possible, given scarcity Assumptions of Individual Behavior ...

SSL101- COURSE 1 QUESTIONS CORRECTLY ANSWERED. Read the following example of misconduct. It's 4.30, and Mary has just taken the final exam for Introduction to Microbiology. She feels pretty confident she did well when she runs into her friend Jane. Jane is in the evening class rather than the afternoon class that Mary is in, and is about to take the exam. She is a little nervous as she hasn't studied enough, so Mary tells her a few of the more difficult questions, and her answers for t...

WGU C483 Practice Test 2 100% Correctly Solved 1.)The planning level with the shortest time horizon is known as _____ planning. A)operational B)tactical C)managerial D)developmental E)vertical - Answer- A.) Operational 2.)The planning process is similar to the _____ process in that both have a series of steps that are typically repeated in a cycle. A)strategy-mapping B)tactical alignment C)goal-setting D)decision-making E)environmental analysis - Answer- D.) Decision-making 3.)In a...

Economics CH 1 Latest 2023 100% Pass Wants Things that add comfort and pleasure to your life Needs Basic requirements for human survival Scarcity The state of lacking resources Economics The study of how people choose to use scarce resources to satisfy their wants. Goods Physical objects that can be purchased (like food, clothing, furniture,..etc). Services Work that one person performs for another for payment. Consumer A person how buys goods or services for personal use. Producer A pers...

Economics - the study of how society manages its scarce resources Macroeconomics - the study of economy-wide phenomena (ex. the federal deficit, the rate of unemployment and policies to improve our standard of living) Microeconomics - the study of how households and firms make decisions and how they interact in markets Mixed Economies - a system with free markets, but with some government intervention (ex. U.S.) Scarcity - there is not enough of something to go around for everyone to have ...

1. International macroeconomics studies: A) decisions of individual households in other countries. B) decisions by governments in other countries. C) the interrelationship of large-scale economic issues across countries. D) the interrelationship of politics and economics within a country. 2. International macroeconomics focuses on: A) isolated nations. B) economy-wide variables such as interest rates, income, prices, and wealth. C) city-level economic problems. D) market-s...

ECN 211 Exam 1 questions with correct answers Economics Correct Answer-the study of how society manages its scarce resources Macroeconomics Correct Answer-the study of economy-wide phenomena (ex. the federal deficit, the rate of unemployment and policies to improve our standard of living) Microeconomics Correct Answer-the study of how households and firms make decisions and how they interact in markets Mixed Economies Correct Answer-a system with free markets, but with some government ...