Which statement below regarding economic indicators is true?

• Economic indicators provide a view of the economy over an extended period of time.
• Trends, patterns or situations that assist in forecasting the economy are considered lagging indicators.
• Economic indicators are inherently macroeconomic.
• It is common practice to only look at one indicator when analyzing the macroeconomy.

A firm produces goods at a cost of $50 each. The production process creates $25 of pollution for every good made.

Which of the following terms corresponds to the statement above?

• Economic justice
• Marginal social cost
• Positive externality
• Marginal social benefit

Which of the following describes one of the unexpected benefits of China's economic policies?

• The Chinese central bank printed extra currency to exchange with the U.S.
• The GDP of the U.S. increased, and the GDP of China decreased.
• The standard of living in the U.S. increased.
• U.S. exports to China increased.

If the US dollar strengthens relative to the euro, which of the following statements will be true?

• Demand for U.S. goods will stay the same.
• Demand for U.S. products will increase.
• European demand for U.S. goods will decrease.
• Consumers everywhere will find American products inexpensive.

Select the statement below that is FALSE regarding labor force participation by gender.

• The employment of women in living wage occupations raises the standard of living for families.
• GDP indirectly accounts for labor force participation.
• Labor force participation rates are not a good indicator of a country's economic health.
• The employment of women in living wage occupations leads to lower birth rates.

Which of the following is asocially responsible activity that could include corporate/employee matching contributions?

• Supply chain
• Environmental management
• Philanthropy
• Corporate governance

Which of the following factors would increase if thestandard of living were increasing?

• Ethnic bias toward employment
• Population growth
• Literacy rate
• Gender bias toward educational attainment level

Which of the statements below regarding global poverty is FALSE?

• GDP does not accurately portray a country's standard of living.
• Developed countries have a higher level of poverty than developing countries.
• The increasing global population has also increased poverty.
• Life expectancy, birth and death rates also provide a sense of the poverty level in a country.