Unit Test — Unit test Answers

How is using money related to bartering?

Which best describes why taxes and savings are considered leakage factors?

Exchange rates can indicate economic health by

Which is the correct order of entities that benefit when banks make a profit?

Which body or group is most able to use money to influence the economy?

In microeconomics, what occurs when equilibrium is reached?

Which are the roles of a bank? Check all that apply.Storing and holding moneyMaking purchases to create profitsLending moneyInvesting in the economyCreating money for the economy

Jim lost his job in a car assembly factory to a robot and his skills will no longer be needed. Which terms can be used to describe Jim? Select two options.cyclically unemployeddomestically unemployedfrictionally unemployedstructurally unemployedstill employedunemployed

These circle graphs show information about Bolivia’s workforce and GDP.Which statement summarizes the information on these graphs?

Which of the following is the least liquid?

The aim of the study of macroeconomics is to examine

This is a graph showing price and total output in the short and long run. According to this graph, how does supply behave in the long run?

The main role of banks in the nation’s economy is to

Which best describes the purpose served by economic models within an economic system?

What explains the difference between retail and commercial banking?

This graph shows changes in GDP and the unemployment rate in the United States in recent years.In what year would someone looking for work have had the hardest time finding a job?

Economists use gross national product (GNP) to measure