NEED ACCURATE ANSWERS TO THESE MACROECONOMIC QUESTIONS:

1. Which of the following is not a criterion for judging the result of an economic policy

a. Stability

b. Employment

c. Efficiency

d. Equity

2. Economics is the study of how

a. Limitless resources are used to satisfy scarce wants

b. Scarce resources are used to satisfy unlimited wants

c. Human choose to use unlimited resources

d. Society has no choices

3. The opportunity cost of choice X can be defined as

a. The price paid to obtain X

b. The most highly price alternative to choice X

c. The cheapest alternative to choice X

d. The most highly valued alternative to choice X

4. Carlo discovers when he studies for his macroeconomics tests at the bar, he earns better grades. He advises all students to study at the bar for similar results. Carlo is guilty of committing

a. Ceteris paribus

b. Fallacy of correlation and causation

c. Fallacy of post hoc, ergo propter hoc (post hoc fallacy)

d. The fallacy of composition

5. Households are

a. Suppliers in the input market

b. Suppliers in the input market

c. Demanders in the input market

d. Suppliers in the product markets

6. The price of good C increases and as a result, the demand for good D increases. The two goods are

a. Compliment

b. Inferior

c. Substitutes

d. normal

7. Because the nation N is operating at a point inside its PPF, it

a. Must cut output of one good to increase the production of another

b. Will be unable to experience economic growth

c. Has full employment

d. Has unemployed or inefficiently employed resources

8. A production possibility frontier diagram illustrates all of the following concepts except

a. Constrained choice

b. Scarcity

c. The marginal rate of transformation

d. Unlimited wants

9. Which of the following is not one of the basic economic equations?

a. For whom it will be produced

b. How will it be produced

c. Where would it be produced

d. What will be produced

10. Jean&co has an increasing cost production possibility frontier. Its slope must be

a. Negative and decreasing

b. Positive and decreasing

c. Negative and increasing

d. Positive and increasing