What are the phases of the business cycle In order

Expansion, peak, contraction, and trough.

How can the Federal Reserve influence consumers to borrow money to purchase a home during an economic downturn?

Lowering interest rates in order to stimulate the economy

Why is it important to monitor the GDP (Gross Domestic Product)?

Shows the economic progress and status of a country

What are tools for Federal Policy?

Income Taxes and Government Spending

How does the decision-making process differ between a monopoly and a pure competition market?

Monopoly: one option Pure Competiton Market; Multiple options

What is the job of the US Patent and Trademark Office?

Grants Patents and register trademarks

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Econ Midterm

10 termsStudBud Administration17 plays

The ultimate Friday fun quiz! Whether you're hosting a quiz night at your favorite pub, invited friends over to unwind after a busy week, or connecting with family who live far away - this quiz will get the party started! Remember to duplicate this template in order to edit and use it for your own quiz! #trivia #weekend #template #pubquiz #bartrivia #fridayfun #quiz #gameshow

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Questions 10

Answers

1
What are the phases of the business cycle In order
contraction, trough, peak, expansion
Peak, contraction, trough, and expansion
Expansion, peak, contraction, and trough.
contraction and expansion
2
What is the Primary Purpose for Labor Unions in the United States?
Better pay.
Safer working conditions, and better benefits.
All of the above
Negotiate for better workers' rights.
3
How can the Federal Reserve influence consumers to borrow money to purchase a home during an economic downturn?
increase interest rates to stimulate the economy
decrease interest rates to decrease the economy
increase interest rates in order to decrease the economy
Lowering interest rates in order to stimulate the economy
4
The Federal Reserve System regulating the flow of currency into the economy is indicative of which economic policy?
All of the above
Fiscal policy
Monetary Policy
Contractionary policy
5
What is one characteristic of a period of recession?
High unemployment
Low consumer spending
All of the above
Highest period for production
6
Why is it important to monitor the GDP (Gross Domestic Product)?
Shows the economic progress and status of a country
To write essays
To be able to file taxes
Shows the money spend
7
What are tools for Federal Policy?
Military Tax
Income Taxes and Government Spending
State Taxes
Property Tax
8
Graph: What year was the trough the worst for Japan
2000
2009
2003
2006
9
How does the decision-making process differ between a monopoly and a pure competition market?
Monopoly: one option Pure Competiton Market; Multiple options
In both you have no options.
Monopoly: multiple options; Pure Competiton Market: one option
In both you have the same amount of options
10
What is the job of the US Patent and Trademark Office?
Allow people to make their inventions their own
Grants Patents and register trademarks
None of the above
All of the above

Econ Midterm Flashcards | StudBud

Econ Midterm

10 termsStudBud Administration17 plays

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
What are the phases of the business cycle In order
contraction, trough, peak, expansion
Peak, contraction, trough, and expansion
Expansion, peak, contraction, and trough.
contraction and expansion
2
What is the Primary Purpose for Labor Unions in the United States?
Better pay.
Safer working conditions, and better benefits.
All of the above
Negotiate for better workers' rights.
3
How can the Federal Reserve influence consumers to borrow money to purchase a home during an economic downturn?
increase interest rates to stimulate the economy
decrease interest rates to decrease the economy
increase interest rates in order to decrease the economy
Lowering interest rates in order to stimulate the economy
4
The Federal Reserve System regulating the flow of currency into the economy is indicative of which economic policy?
All of the above
Fiscal policy
Monetary Policy
Contractionary policy
5
What is one characteristic of a period of recession?
High unemployment
Low consumer spending
All of the above
Highest period for production
6
Why is it important to monitor the GDP (Gross Domestic Product)?
Shows the economic progress and status of a country
To write essays
To be able to file taxes
Shows the money spend
7
What are tools for Federal Policy?
Military Tax
Income Taxes and Government Spending
State Taxes
Property Tax
8
Graph: What year was the trough the worst for Japan
2000
2009
2003
2006
9
How does the decision-making process differ between a monopoly and a pure competition market?
Monopoly: one option Pure Competiton Market; Multiple options
In both you have no options.
Monopoly: multiple options; Pure Competiton Market: one option
In both you have the same amount of options
10
What is the job of the US Patent and Trademark Office?
Allow people to make their inventions their own
Grants Patents and register trademarks
None of the above
All of the above