Eco372 Exam

In: Business and Management

Submitted By qwerty9876
Words 1463
Pages 6
1) The largest source of household income in the U.S. is obtained from A. stock dividends B. wages and salaries C. interest earnings D. rental income

2) The market where business sell goods and services to households and the government is called the A. goods market B. factor market C. capital market D. money market

3) Real gross domestic product is best defined as A. the market value of intermediate goods and services produced in an economy, including exports B. all goods and services produced in an economy, stated in the prices of a given year and multiplied by quantity C. the market value of all final goods and services produced in an economy, stated in the prices of a given year D. the market value of goods and services produced in an economy, stated in current-year prices

4) Underemployment includes people A. who work "off-the-books" to avoid tax liabilities B. who are working part time, or not using all their skills at a full-time job C. who are tired of looking for a job, so they quit looking, but still want one D. whose skills are not in demand anymore

5) The Bureau of Economic Analysis is responsible for which of the following? A. Setting interest rates B. Managing the money supply C. Calculating U.S. gross domestic product] D. Paying unemployment benefits

6) The Federal Reserve provides which of the following data? A. Federal funds rate B. Stock price of GE C. Bond yields of corporations D. Debt to GDP of Ireland…...

Similar Documents


...The Following are several recommendations to our President regarding our government spending as well as a few tax based economic factors. First we will take a look at our government spending. The initial recommendation is related to lowering our interest rates, lowering interest rates will do several things, one it will increase the money supply, in turn aggregate demand increases growing the bank accounts of many Americans. Most of all the positive affects it will play for those Americans that run small businesses will have no trouble adding expenses to their yearly budgets, further adding otherwise unemployed Americans to the expanding labor force, all this leading to an escalation in the US output ultimately increasing the GDP. As were all-aware we have a looming Fiscal cliff, it seems were all doomed according to the media, are we? Can new and old tax codes make or break a society? “The fiscal cliff is political shorthand for the combination of spending cuts and tax increases scheduled to hit Jan. 1, 2013. It's the result of the expiration of the President Bush-era tax cuts combined with $1.2 trillion in automatic reductions in federal spending made last summer as part of the deal to raise the debt ceiling”  ("Money Morning", 2012). To think these tax breaks and spending cuts alone will propel us out of this recession is wrong. Although, investing in the labor markets, creating infrastructures, growing our law enforcement and financing the correct areas of the......

Words: 344 - Pages: 2


...Management and organization: the exam 1. Please read the ethical dilemma in the Communication (chapter 14) of the textbook (pg. 559). Read the case carefully in order to be able to analyze the situation. a) Provide a short description of the situation (the symptoms and the problems in this case, describe the individuals that play the roles). b) Take the role of Cathy Putnam and make a decision what would you do if you were in here shoes. You may select one of the three alternatives suggested in the case or you may come up with your own alternative. Apply a communication model or concept of your choice to justify your decision. We will evaluate the quality of your analysis based on your use of relevant concepts and models from the chapter 14 (up to 15 points, not more than 500 words). 2. If you had to motivate one of your employees to perform on a higher level, what would be the steps that you would take that would enhance his or her motivation? a) Describe his/her job. b) Point the motivational factors in that job. c) Propose a redesign of the job. d) Apply one of the motivational theories to explain why his/her motivation would increase. We will evaluate the quality of your analysis based on your use of relevant concepts and models from motivation chapter (Ch. 13), (up to 15 points, not more than 500 words). 3. Take two tests from the chapter 8 (pg. 303-304), score and interpret the results. Reflect upon the fit (match) in......

Words: 308 - Pages: 2


...When you hear the word exams, you usually get to be anxious about them, and about the possibility of passing or failing them. For me, exams are not a thing to be scared of. I know that some exams are very important in life but I don’t see a tragedy in failing them. You will always have a second chance to make things better as long as you will fight and learn more. I think that exams are not accurate measure of a person’s ability. Many people can get scared and they could panic and fail exams, not because they don’t have the necessary information to pass them, just because of the fact that they get very nervous, and usually they can’t concentrate enough. I understand them, because a few years ago it was a problem for me too. After a lot of exercises I managed to overcome my fears, and now I am very accustomed to exams. As a start point, we can say that people are different and it is a known fact that being different has its bonuses, but it also defines us and the way we can be and are appreciated. Therefore, an individual cannot necessarily be compared with another one because our minds and our talents don’t function in the same way. Exams test students for the same abilities ,in the same way. This can affect the grade or the overall measure of the ability tested. It is true that people have different talents, that people manifest themselves in various ways and domains. For example, an artist can choose to paint a picture of a beautiful......

Words: 511 - Pages: 3


...Take-home exam (30%) Objective: This writing assignment is designed for you to select advertising campaigns 广告活动and analyze persuasive strategies and the effectiveness of those strategies used in the campaigns by applying persuasion theories. Requirements: • This is individual work. • Identify an advertising campaign, past or present, local or global, print, television, radio or Internet, commercial or public service announcement. A campaign can include more than one advertisement across different media platforms. • Also identify 1-2 competitor(s) for the selected campaign and the competitor(s)’ campaign(s). • Sort advertisements based on your own logic. • Length: 4-5 pages, single-spaced with spacing between paragraphs, excluding attachments and references. Use Times New Roman, 12-point font size. • Follow APA style to include a reference list for sources you use. • In addition to the analysis, submit all print ads used in the analysis. Organize the print ads so that you can display them in class for an informal discussion. Main parts of the paper: 1. A description of each of the campaigns and the context in which they were implemented (a brief description of relevant background information, media used, period of time run, etc.) 2. An analysis of the campaigns’ relevance 关联to persuasion theories or concepts (the primary reference sources are the textbook and lecture, but you may also find references from outside the class) 3. An analysis of the......

Words: 328 - Pages: 2


...COMPETITIVE EXAMS AFTER GRADUATIONS HIGHER STUDIES IN ENGINEERING GATE (Graduate Aptitude Test in Engineering) To join post graduation with scholarship in Indian universities for all Engg. Science and life science. With the post graduation in M.SC students can join M.TECH with the valid GATE score. TANCET – MCA, M.E, M.TECH, M.ARCH, M.PLAN, M.L.ARCH TO JOIN MANAGEMENT STUDIES. CAT – COMMON ADMISSION TEST MAT – Management Aptitude Test ICAR (Indian council of agriculture research) to PG in agricultural related studies in Indian universities.. ETS (Educational Testing Service) conducts GRE, TOEFL examinations. students can register online. Exams would be conducted throughout the year. GRE (Graduate Record Examination) – subject and general test TOEFL (Test of English as Foreign Language) IELTS (International Language Testing System) – Academic and General Training, Exams would be conducted throughout the year GMAT (Graduate Management Admission Test) - Is a standardized test conducted by the Pearson VUE on behalf of the Graduate Management Admission Council of the US. For GRE, TOELFE, IELTS, GMAT have to register online prescribed fee in dollars European universities accept IELTS score. American universities accepts GRE, TOEFLE STUDY ABROAD AFTER 12TH STANDARD SAT – scholastic aptitude test or scholastic reasoning test SAT is a compulsory test to secure admission in any undergraduate program of any college of USA TEST Conducted......

Words: 267 - Pages: 2


...[pic] Term-end Exam Details – GMBA DXB DEC 2008 Important Notice: If your invigilator feels that you are talking to any one or him feels that you are copying from other students or any other mode you will be awarded zero for your final examination without any discussions.  No warning will be given to you and the invigilator will make a note of your name and update the Program Manager. You are not allowed to leave the examination hall till you finish your examination. You are required to switch off your mobiles always. |Course |Date |Time |Duration |Type of Exam |Comments | |Principles of Management |Wednesday |10.30 am - 12.30 pm |2 hours |Closed Book/Closed notes |Multiple choice ( 50 min) | | |4th Feb, | | |Laptops not allowed |Descriptive(1 hr 10 min) | | |2009 | | |Internet not allowed |Write with pen no scribbling | | | | | | ...

Words: 284 - Pages: 2


...6th Grade 1st Semester Spelling and English Exam Directions: Find each misspelled word, and write the correct spelling above it. This week our local naeborhood association sent out a bulleten about a picnic. The new mayor wanted to entroduce himself in person, so he took the notices to every house. He was threw with the job by noon. We can asume he got to every house, but there is no prewf of that. Deliveries are not part of his rootine, but we have underrstood that this is a new kind of mayor. We hope it’s a sign of his generosity and gooddness . There are many legends about noble knights of medieval times who traveled the land defending the helpless against feerce intruders. With only their sword and sheeld, they were able to achive noble deeds, preventing the seiege of the castle. Other stories tell of knights who forced robbers to yeld their weapons, keeping them from causing further harm and mischeif. Kenji and his business partnor, Ed, are each about to perchase some land, but they are approaching their home construction differently. Kenji hired an architect to design his home. The architect and her construction formean have the final authority on the details of the house. Ed, on the other hand, is planning to build his home himself; theirfour, he and his carpintar will consern themselves with all of the major decisions. Building a tunel in the 1920s was a difficult and unplesant task. Every day, parshul progress was made toward the goal...

Words: 1206 - Pages: 5


...8 issues found in this text Report generated on Fri, Mar 7 2014 02:25 PM Grammar 4 issues Use of articles (1) Comparing two or more things (2) Passive voice use (1) Punctuation 3 issues Punctuation within a sentence (3) Style and Word Choice 1 issue Vocabulary use (1) Definitions GDP (Gross Domestic Product), which is the total value of all the products and services produced by a country within a given year less the net income from investments in other countries. 1 Real GDP is the GDP once changes in inflation have been taken into account once that has 2 3 been done you are left with the "Real GDP". Nominal GDP is the current market value of the nation's GDP. Unemployment Rate is an estimated percentage of people that qualify as 4 unemployed as long as certain guidelines are met under the rules. Inflation Rate is a term that 5 6 is used that refers to the rise in prices in a given product or service over a given time period . Interest rate is a monthly or yearly charge a lender puts on a loan to a borrower. The rate is in most cases a percentage of the total amount of the loan. In the purchasing of groceries, a household needs to add this to the overall budget of running the house. It is a need of the household and must 7 be budget for , or a family might not have the money needed for the purchase. The company that sells the groceries counts on the consumer to buy from his/her store and has a goal 8 of the number of product he/she......

Words: 1119 - Pages: 5


...FUNDAMENTAL OF MACROECONOMIC Truc Tran ECO/372 August 25, 2014 Jeffrey Lehrer FUNDAMENTAL OF MACROECONOMIC Economics is the study of what people do to coordinate their want and desires through production, distribution, and consumption of goods and services. To understand economics, one has to understand the basic fundamentals of economics. Economics is based on two groups’ macroeconomics and microeconomics. Macroeconomics is the decision-making of an economy as entire picture. Some of the fundamentals of macroeconomics that include Gross Domestic Product (GDP), Real GDP, Nominal GDP, Unemployment rate, Inflation rate, and Interest rate. The first subject that will be cover in macroeconomics is Gross Domestic Product (GDP) is the standard living of a country through its goods and services. These goods and services are produced by any given country in any given time. These goods and services are sometimes the primary source of economic stability of any given country. Real GDP is the market prices primarily on a specific year (Colander, 2010). One will focus on the purchasing of groceries, massive layoff of employees, and decrease in taxes affect the government, businesses, and households. It was once said by President Calvin Coolidge that “The business of America is business” (Colander, 2010). For most countries its economy is broken down in to three parts: the government, households, and businesses. We will cover each one briefly and explain how each one has an......

Words: 1023 - Pages: 5


...Aggregate Demand and Supply Models The US economy is highly dynamic and subject to a wide range of economic forces. Based on the latest economic data, our learning team will analyze the forces that drive the economy of the United States. The analysis will cover the following topics: • Macroeconomic topics related to unemployment, expectations, consumer income and interest rates • Factors that control the aggregate demand and supply in the United States • Government leaderships choices regarding • Additional recommendations based on Keynesian and Classical model perspectives. Unemployment rates fluctuate when the supply and demand for human resources are out of balance. The supply and demand are a result of the interaction of economic, policy and structural factors. Economic factors affect both supply and demand. The demand for goods and services increases production which results in the demand for workers, increasing the employment rate. The common thought among economists is that market-driven economies move in cycles and when they drop below certain levels unemployment may result. The moving of production from high wage countries to low wage countries is another factor that increases unemployment. A declining manufacturing sector will result in not enough jobs to go around along with third world competition. While new jobs are being created in the technology and service sectors it is not enough to make up for the amount of jobs that have been lost due to moving the......

Words: 1224 - Pages: 5


...ECON 301 Practice Final Exam NAME: . Fall 2014 FINAL EXAM PRACTICE QUESTIONS 1. Suppose Demand and Supply for a competitive industry in the short run can be described the following equations: QD=100 – 2P, and QS=40+2P. Suppose further that the total cost curve for a representative firm in the industry is given by TC = 100+4q+q2, with MC=4+2q. a. Sketch a double graph that depicts the market supply and demand in equilibrium in conjunction with individual firm costs and output choice. Does not need to be to scale. Label all of your answers to b. b. Calculate the short-run equilibrium market price, quantity, individual firm output and firm profit level. Show your work. c. Calculate the long-run equilibrium market price, quantity, individual firm output and number of firms in the industry. Draw and label in a new graph the double graph depicting this equilibrium. Page 1 of 5 2. My Uncle Bob claims that a firm should produce (in the short run) until its average cost is at its minimum. He reasons that in order to maximize profit, a firm must minimize it costs of production. Is my Uncle Bob correct? Carefully explain your answer. (Stating a mathematical rule is not sufficient.) 3. A single vendor supplies the popsicles to the beachcombers on a beach in a small resort town on the east coast. Assume that this vendor acts as a single price-monopolist and that the marginal cost per popsicle is always $0.60 The price elasticity of demand is -5 in the month of......

Words: 847 - Pages: 4


...our top up degrees programme and therefore did not have English as their first language, this was a particularly gratifying result. (handling of specific questions/sections and strengths/weaknesses in relation to each question ) 1. The exam is separated into two sections, section A was related to a case study that the students received around 3 weeks prior to the examination and section B addressed some of the conceptual material from the module. In general students handled section A, very well, having been briefed on the key issues, they prepared themselves well for the case study element. In section B the questions examined broader themes and, in general, students found this more testing. Most of the candidates chose to address the question related to export subsidies and students that did so generally performed better than those that opted for the less technical questions related to growth processes of East Asia compared with Europe and business issues arising from European integration. (recommendations for student improvement) 2. Students will improve their performance by attending the revision session and following the revision guidelines as published through Moodle. Furthermore, as it is a restricted open book exam in which students are permitted to take in up to 2000 words of their own pre-prepared notes, the ability to cite and source theories or concepts will be rewarded with additional marks. Assessment 2 Report: 2. Overview of how well......

Words: 779 - Pages: 4


...Algebra 1 Quarter Exam Review 2011-2012 ____ 1. Solve for m. . a.|-7/2| b.|-6| c.|6| d.|12/15| ____ 2. Which property best describe the following statement? a.|distributive property| b.|associative property| c.|transitive property| d.|commutative property| ____ 3. Simplify a.||c.|| b.||d.|| ____ 4. Which graph below represents a function? a.||c.|| b.||d.|| ____ 5. What is the domain of the given function? a.| |c.|| b.||d.|| ____ 6. Use the distributive property to simplify the expression: . a.|| b.|| c.|| d.|| ____ 7. Which of the following is not a function? a.||c.|| b.||d.|| ____ 8. Choose the correct algebraic translation of “ 3 more than twice a number is three times the sum of the number and 5”. a.|| b.|| c.|| d.|| ____ 9. Which statement illustrate the symmetric property? a.|| b.|If 3 + 2 = 5 and 5 = 4 + 1 thenn 3 + 2 = 4 + 1| c.|If 3 + 2 = 5 then 5 = 3 + 2| d.|3 + 2 = 5| ____ 10. Translate the verbal phrase below into its mathematical representation. “ Six decreased by three times the sum of two and four times a number is one.” a.|6 - 3 + 2 + 4n = 1| b.|6 - 3 2 + 4n = 1| c.|3(2 + 4n) -6 =1 | d.|6 - 3(2 + 4n) = 1| ____ 11. Simplify a.|| b.|| c.|| d.|| ____ 12. A function, has a domain of {-6, -2, 3}. What......

Words: 660 - Pages: 3


...EXAM An exam is an official test that shoes your knowledge or ability in a particular subject. Some people, however, argue that exam only is a kind of memory skill. They say that many people have a good memory and a special ability to pass exams and achieve brilliant results, though they have no capacity for original thought or imagination. But it should be realized that today the syllabuses are so extensive that a student cannot expect to pass an examination by relying entirely on his memory. There are many good things about the exam but also have bad things too. The exam is important to everyone because you can know your real knowledge that you really know. From the exams, you can also know your weakness. The exams require us to manage our time and to plan well. This can help us develop our management skills. If you have the plan to do something, you will be a diligent person. Many students that extra ordinary qualities are built up due to exam and they built up a great personality in their life because of exam. Besides, the minds of students, even if they are dull, receive good exercise when they prepare for the exams. But the exams increase the stress level of students because of parental and our expectations. All parents want their children to be the best. Sometimes they don’t know what the children feel. Students may suffer from the consequences of stress and anxiety during exam preparation so they may show poor performance in exams...

Words: 390 - Pages: 2


...Name: Krystal Mandigo Score: ______ / ______ Pre-Algebra Midterm Exam Solve the problems below. Show your work when applicable. 1. Write using exponents. (–4)(–4) (-4)² 2. Simplify. Show your work. 513 +-3918 3. What type of measurement would you use to describe the amount of water a pot can hold? 4. Estimate the sum of 9.327 + 5.72 + 4.132 to one decimal place. 5. State whether the number 91 is prime, composite, or neither. 6. What are the mean and the mode of the following set of data: 5, 12, 1, 5, 7 mean: mode: 7. To measure the distance from the U.S. to Istanbul, Turkey you would most likely use __________. 8. What percent of 67 is 33? Round to the nearest tenth of a percent. 9. An adult house cat could be about 1 ___________ high. 10. Write a number sentence for the model. Let one white tile equal +1 and one black tile equal –1. 11. Determine whether the statement is true or false. 94 is divisible by 3. 12. State whether the number 97 is prime, composite, or neither. 13. Solve the equation. Show your work. 5d = 17.1 14. A reasonable estimate for the mass of a baby would be 7 ______. 15. Write an equation for: Twelve times h equals one hundred and twenty minus thirty-six. 16. Solve the equation step by step. List each step, along with the property you used during that step. –5 × 1 × 11 × 4. 17. Summarize the order of......

Words: 296 - Pages: 2