SOPHIA ECON102 Unit 1 Milestone Updated/SOPHIA ECON102 Unit 1 Milestone Updated

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Question 1 Which term below refers to investment and financial flows that have the ability to appreciate or depreciate currency? Balance of payments Capital account Trade deficit Current account ... Question 2 Select the example below that is binding. A price floor above equilibrium A price floor at equilibrium A price ceiling at equilibrium A price ceiling above equilibrium Question 3 Which of the following is a reason to learn about macroeconomics? Macroeconomics focuses on decisions made at the individual level. It allows us to understand the decisions that small business owners make. Understanding the reasons behind economic policy decisions can make us better citizens. It helps us to predict the prices of individual goods and wages in specific jobs. Question 4 Which of the following terms is the sum of all final goods and services purchased in an economy? Expenditure approach GDP growth Factor market Resource cost/Income approach Question 1 Which term below refers to investment and financial flows that have the ability to appreciate or depreciate currency? Balance of payments Capital account Trade deficit Current account Question 2 Select the example below that is binding. A price floor above equilibrium A price floor at equilibrium A price ceiling at equilibrium A price ceiling above equilibrium Question 3 Which of the following is a reason to learn about macroeconomics? Macroeconomics focuses on decisions made at the individual level. It allows us to understand the decisions that small business owners make. Understanding the reasons behind economic policy decisions can make us better citizens. It helps us to predict the prices of individual goods and wages in specific jobs. Question 4 Which of the following terms is the sum of all final goods and services purchased in an economy? Expenditure approach GDP growth Factor market Resource cost/Income approach [Show More]

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