Macroeconomics CH2 Quiz

Macroeconomics CH2 Quiz - 1 Macro economics Chapter 2 Quiz...

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1. Macro economics Chapter 2 Quiz The point representing a combination of consumer goods and capital goods that can be attained only by economic growth is point: A) N. B) P. C) Q. D) R. Points Earned: 10.0/10.0 Correct Answer(s): D 2. An example of capital is: A) cash. B) a factory building. C) money in a checking account. D) the existing state of technology. Points Earned: 10.0/10.0 Correct Answer(s): B 3. Society can operate on the production possibilities curve only if it has achieved efficiency. A) True B) False
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10.0/10.0 Correct Answer(s): True 4. If the economy were producing 8 units of guns and 12 units of butter per period: A) this is a possible choice, but would involve unemployment and/or inefficiency. B) the notion of increasing opportunity cost is invalidated. C) the economy is still efficient but has made a decision not to buy as much as it could. D) something must be done to reduce the amount of employment.
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Macroeconomics CH2 Quiz - 1 Macro economics Chapter 2 Quiz...

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