Exam I - Fall, 2015
(Print Last Name, First Name)
INSTRUCTIONS: Select the best response to each question or statement and bubble in the
corresponding letter on your scantron. Each correct response is worth 3.75 points out of 150.
1. Explain why investment spending is a
volatile component of GDP
2. Discuss the concept of present value
3. Describe the role of interest rates in making
4. List the way
Money and the
1. Identify the components of money in the
2. Explain the process of multiple expansion
and contraction of deposits.
3. Describe the structure of the Federal
4. Discuss exa
a. To find the new quantities supplied, each of the quantities needs to decrease by 30%. In order to do
this, you take the original quantity and multiply it by 1 minus the decimal form of 30%. Recall that 30% is
0.3 in decimal form. Therefore
Which of the following is something that markets cannot do?
Provide unlimited goods and services
A market price: is a price at which buyers and sellers agree to exchange money for a good or service.
The table below describes the demand for bathing suits o
Read the "Critical Thinking Challenge" on page 226. Answer the following questions:
1) Do you find it easy or difficult to fill some else's bucket? well I find it easy because it shouldnt be that
hard to do what they have on their list.
2) Your own bucket
Part 1 Assignment
Refer to "Critical Thinking Challenge," on page 19. Answering the following sentence completion
exercises and provide a rationale for each:
1) To become more self-accepting I need to _Celebrate your st
chose the movie John Q to apply to the conflict perspective. This movie stars Denzel Washington, Robert
Duvall, James Wood, and Ray Liotta. Denzel plays the part of a father, John Archibald, who has been a
factory worker for over fifteen years. While atte
When I graduated high school in 2013 and I was enrolling in college and I got
accepted to Blinn college and I was there for one year then I transfer to Sam
Houston college and I thought it was going to be right for me, but I did found out
that the work wa