A. Workers don't undergo new training 1. There are countries whose natural programs to make them productive, and resources happen to be one of the most there are no new natural resources that important needs of other countries who don't have enough of it. When resources are are discovered. scarce relative to the demand for them, we B. No workers are unemployed. call them C. No factory is idle. A. economic goods D. Resources are fully used. B. economic infrastructure 6. When consumers predict that the supply of C. macroeconomic goods and wants a basic commodity will run out: D. microeconomic goods and wants A. There will be an outward shift in the 2. Which of the following statements demand curve and a decrease in rationalizes consumer spending? equilibrium price. A. Those who don't earn have nothing to B. There will be an inward shift in the spend. demand curve and a decrease in the B. Those belong to the poorest clan have equilibrium pr nothing to spend. C . There will be an outward shift in the C. Both statements are correct demand curve and an increase in the D. None of the statements are correct. equilibrium price. 3. Problem: While at the market, Anna had D. There will be an outward shift in the wanted to buy vegetables but was surprised demand curve without any impact on when the price of them suddenly increased. the equilibrium price. When the price of vegetables increased, 7. The concept optimizing some factor inputs two things happened to come up with an efficient account of A. Buyers decrease the Q and Demand output can be described by and sellers increase the Q they offered A. production possibility frontier for sale B. Marginal production possibility B. Sellers decrease the Q and Demand C. Marginal revenue and cost and buyers increase the Q they offered D. profit margin utilization concept for sale 8 . In the law of demand, quantity demanded C. Buyers decrease the Q and Demand decreases as the price increases, ceteris and sellers increase the P they offered paribus. Therefore, price and quantity for sale demanded are positively related D. Buyers decrease the P and Demand A. The first and the second statements are and sellers increase the Q they offered both true. for sale B. The first statement is true. The second 4. In explaining the concept of production statement is false possibilities, one of the assumptions is that C. The first and the second statements are there is full use of resources, knowledge both false. and technology. This assumption reflects D. The first statement is false. The second the true situation of a country. statement is true. A. The first and the second statements are E. There is no correct answer both true. 9. The current war that is happening in Russia B. The first statement is true. The second and Ukraine is a condition where imposing statement is false a sanction becomes acceptable to an erring C. The first and the second statements are both false. nation. What sanction is afforded by the D. The first statement is false. The second organization of nations to pressure the erring nation? statement is true. E. The assumption does not reflect the A. Isolation of the erring nation to global true situation of a country events 5. In explaining the concept of production B . Economic Embargo possibilities, one of the assumptions is that C. Charge with damages quantity and quality of resources remain D. Charge with human rights violation constant. This means that