Multiple Choice
Which of the following terms best describes income received in the form of wages, interest, rent, profit, and government programs?
55
views
0. Basic Principles of Economics
Introduction to Economics
Back0. Basic Principles of Economics
Introduction to Economics
- Multiple ChoiceWhich of the following best explains why globalization can lead to a reduction in wages in developed countries?41views
- Multiple ChoiceDuring the sales-oriented era, what was the primary focus of most firms?62views
- Multiple ChoiceWhich type of good does the government typically sponsor because it contributes to the good of society and the economy?50views
- Multiple ChoiceWhich macroeconomic strategy is achieved in part through efficient supply chain management?42views
- Multiple ChoiceWhich of the following best describes economies of scope?56views
- Multiple ChoiceWhich of the following ideas is most closely associated with laissez-faire economics?35views
- Multiple ChoiceIn the context of introduction to economics, companies' emphasis on profits has resulted in which of the following outcomes?47views
- Multiple ChoiceWhich of the following is one of the four main elements that define a market?58views
- Multiple ChoiceWhich of the following is a common method used to generate new profit ideas in economics?46views
- Multiple ChoiceThe buying and selling of various goods and services is called ____________.52views
- Multiple ChoiceWhich of the following is a building block of neoclassical economics?57views
- Multiple ChoiceThe Earned Income Tax Credit (EITC) represents a reallocation of income to which group?63views
- Multiple ChoiceWhich of the following is a benefit of a mixed market economy for most citizens?52views
- Multiple ChoiceHow did the Industrial Revolution change the role of workers?79views