Macro Practice test 4 1. Money functions as: A) a store of value. B) a unit of account. C) a medium of exchange. D) all of the above.
2. If you are estimating your total expenses for school next semester, you are using money primarily as: A) a medium of e
MACRO Practice Test 2 1. Spillover costs arise: A) when firms pay more than the opportunity cost of resources. B) when the demand curve for a product is located too far to the left. C) when firms "use" resources without being compelled to pay for their fu
Spring 2008 OCC Economics: Macroeconomics Section: Meeting: Room: Dates: Purpose of the Course:
Instructor: Ryan Keep Email: [email protected] Email: [email protected] Phone Office: 714-432-5032 Phone Home: 909-626-5964
This course is meant to be an
Measuring Domestic Output, and National Income
1. A nation's gross domestic product (GDP): A) is the dollar value of the total output produced within the borders of the nation. B) is the dollar value of the total output produced by its citizens, regardles