Unit Test — Cumulative exam Answers
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Cost-push inflation occurs when
A
consumers begin purchasing more goods.B
producers need more money to make and distribute goods.C
the government prints more money and pushes prices up.D
consumers have more money to spend on goods and services.22
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A pure market economy is sometimes called pure
a
a. command economy.s
socialism.c
communism.c
capitalism.23
most likely
T
The marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, decreasing the profit earned for each pie.T
The marginal costs will continue to fall, decreasing the total cost, while the marginal revenue remains the same, increasing the profit earned for each pie.T
The marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, increasing the profit earned for each pie.T
The marginal costs will continue to fall, decreasing the total cost, while the marginal revenue remains the same, decreasing the profit earned for each pie.24
most
D
Determine whether the ramp complies with state and federal laws about ramp-accessible entrances for schools.D
Determine whether the ramp allows students using wheelchairs, braces, and crutches to enter the school more easily.D
Determine whether the ramp leads to similar structures being built at entrances throughout the school building.D
Determine whether the ramp influences other schools to build similar structures for their students at each entrance.25
Does a depression always follow a recession?
Y
Yes, the trough is always considered a depression.N
No, a depression is indicated when the recession is exceptionally long.Y
Yes, for recovery to occur, the trough must be reached.N
No, the economy could decline quickly and bypass recession.Did you find these answers helpful?
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