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ECONOMICS CGA REVIEW QUESTIONS AND ANSWERS 100% CORRECT | LATEST UPDATE 2025
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ECONOMICS CGA REVIEW QUESTIONS AND ANSWERS 100% CORRECT | LATEST UPDATE 2025
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CGA - Comprehensive Geriatric AssessmentECONOMICS CGA REVIEW QUESTIONS
AND ANSWERS 100% CORRECT | LATEST
UPDATE 2025
the ability to carry money around is what characteristic of money? - ANSWER
Portability
When households purchase goods from a business, that transaction takes place in
the _______ market - ANSWER product
Who came up with the idea of the invisible hand? - ANSWER Adam Smith
if you take a loan for six years rather than four years, the payment will be? -
ANSWER lower
If you take a loan for six years rather than four years, the total interest paid will
be? - ANSWER higher
between cash, government bonds and stocks, an older person will need more
____ then a younger person - ANSWER cash
purchasing a stock has a ____ risk - ANSWER high
Who makes policy for the federal reserve - ANSWER Board of Govenors
, CGA - Comprehensive Geriatric Assessment
What type of budget does the federal government have when they spend more
money then they taken - ANSWER deficit
The University of Florida explains the football stadium because more people want
tickets to the game. This is an example of - ANSWER derived demand
Home owners who install smoke detectors because they get a tax break is an
example of - ANSWER positive extrernality
medium of exchange is a function of - ANSWER money
if a product cost $1.37 in real materials, $.25 in labor, eight cents in taxes and $.30
in entrepreneurial costs, what is the price of the product - ANSWER 1.92
advertising is example of what type of competition - ANSWER non-price
loans, credit cards and money market accounts are all services that _____ provide
to their consumers - ANSWER banks
what economic has a theory of the invisible hand - ANSWER Adam Smith
If the equilibrium wage increases, what will happen to the number of workers
hired - ANSWER decreases
Who wrote The Wealth of Nations? - ANSWER Adam Smith
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