PLATO / Edmentum End of Semester Test : Economics Questions & 100% Correct Answers
88 views 2 purchases
Course
PLATO
Institution
PLATO
The Northville School Board has proposed this budget for the upcoming
school year:
~~> upgrading the computer lab hardware, getting new instruments
A company is struggling to finish the required accounting work for its financial
year-end. The employees are unwilling to stay late to compl...
PLATO / Edmentum End of Semester Test :
Economics Questions & 100% Correct
Answers
The Northville School Board has proposed this budget for the upcoming
school year:
✓ ~~> upgrading the computer lab hardware, getting new instruments
A company is struggling to finish the required accounting work for its financial
year-end. The employees are unwilling to stay late to complete the work. If
the company does not complete its work, it will be in serious trouble. So, the
managers decide to pay the staff a bonus for every hour they stay during this
period. After the employees worked extra hours for a few days, the work was
completed and everyone was happy. What was the incentive for the
employees in this scenario?
✓ ~~> money
Which two sentences describe incentives?
✓ ~~> The person to complete the work first will be rewarded. Harry's
boss also announces that people working overtime will be eligible for a
John works for a factory and receives a weekly paycheck. He typically
places 3% of each paycheck into a bank savings account. The money
placed in the savings account ______ the economy.
In addition to providing savings accounts to customers, like John, the bank
invests money in several businesses. The money that the bank invests ____ the
economy.
✓ ~~> leaks out from, is injected back into
The government of a country has introduced a few economic policies for the
current financial year. Which of these policies is John Maynard Keynes most
likely to disagree with?
✓ ~~> Food exporters can export as much wheat as they want, while in
the past they were limited to 50 tons.
Entrepreneurs are no longer restricted from importing raw materials.
What is money supply?
✓ ~~> the total amount of money circulating in the economy
Match the scenarios with the economic concepts they illustrate.
✓ ~~> price of gold = substitution
price of gas = income
Master01 | September, 2024/2025 | Latest update
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamArsenal. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.39. You're not tied to anything after your purchase.
