Econ

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Question Results
Question 1:
In our macro Circular Flow, the Businesses are choosing to borrow _____________ billion dollars.
Your Answer(s): * 5000
Correct Answer(s) (in green):

* 5000 * 3500 * 1000 * 500
Question 2:
In the Private Sector, there are many choices to be made by Business managers regarding which “projects” to borrow for and which “projects” to invest in. These choices often contain a great deal of ______________________ as well as the potential for benefits (profits).

Your Answer(s): * Risk (the possibility of costs being more than originally perceived)
Correct Answer(s) (in green): * Risk (the possibility of costs being more than originally perceived) * Uncertainty (the
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* inclusion * exclusion * questions * none of the above

Question 10: _____________ taxation is present when marginal (additional) tax rates increase with additional income. * Progressive * Flat * Regressive * none of the above

Question 11:
The median income of _____________ of nations in the world is less than $10,000 per year.
Your Answer(s): * a few
Correct Answer(s) (in green): * a few * half * none * a majority
Question 12:
In our macro Circular Flow, the Households are choosing to save _________ billion dollars.

Your Answer(s): * 500
Correct Answer(s) (in green): * 5000 * 3500 * 1000 * 500

Question 13:
By taking more income through personal income taxes and providing more welfare funds (transfer payments), _________ can be re-allocated. * labor * land * capital * all the above

Question 14:
A ____________ externality exists when third parties are benefited by a transaction that they did not directly undertake. * negative * positive * moderate * extreme

Question 15:
The basic principles of effective taxation would choose to avoid over-reliance on any one tax that can create ________ on the inflows. * up and down cycles * only down cycles * only up cycles * all the above

Question 16:
A monopoly is a

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