Cumulative Exam — Cumulative exam Answers
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What term is used in macroeconomics to describe the total supply and the total demand?
c
capitali
inflationa
aggregatee
equilibrium22
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The development of many new businesses helps limit
u
unemployment.t
taxation.r
revenue.r
risk.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
A tariff is a type of
A
tax.B
punishment.C
subsidy.D
grant.25
As a result of decreased production, David lost his job designing cars. Which terms can be used to describe David? Select two options.cyclically unemployeddomestically unemployedfrictionally unemployedstructurally unemployedstill employedunemployed
A
cyclically unemployedB
domestically unemployedC
frictionally unemployedD
structurally unemployedE
still employedF
unemployedDid you find these answers helpful?
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