PACKAGE::-NOTGRASS EXAMS WITH COMPLETE SOLUTIONS (LATEST UPDATE)

Exploring Economics Notgrass Lesson 32 (Qs & As) How do banks help increase productivity and how do they create wealth? Correct answer Banks increase productivity by using people's savings to make loans to businesses so that the businesses can grow. Banks create wealth by enabling the buying a...

Exploring Economics Notgrass Lesson 36 (Qs & As) In economics, what does the term trade most often describe? Correct answer Purchases between countries. Define export. Correct answer Goods and services that producers create within a country and then sell and send to people, companies, or gover...

Exploring Economics Notgrass Lesson 10 (Qs & As) What group did Jesus describe as "lovers of money"? Correct answer Pharisees The scribes and Pharisees encouraged people to make contributions to the temple instead of doing what? Correct answer Using their money to take care of their parents O...

Exploring Economics Notgrass Unit 8 (Qs & As) absolute advantage Correct answer the situation in which one person or country can produce goods with a smaller input of resources than another comparative advantage Correct answer the situation in which one producer has a smaller opportunity cost ...

Exploring Economics Notgrass Lesson 21 (Qs & As) List three simple decisions you have made so far today. Correct answer Answers will vary. List three of the most important decisions you have made in your life thus far. Correct answer Answers will vary. List five of the most important decisions ...

Exploring Economics Notgrass Lesson 3 (Qs & As) Why do many American companies choose to have their products made overseas? Correct answer cheaper labor Give 4 examples of how a country at war can negatively affect trade? Correct answer workers leave to become soldiers, workers are wounded or...

Exploring Economics Notgrass Lesson 34 (Qs & As) How do economists define inflation? Correct answer A general, across-the-board increase in prices throughout the economy, to the point that it affects almost all people Define hyperinflation and give a historic example. Correct answer A huge and r...

Exploring Economics Notgrass Lesson 1 (Qs & As) How did Alfred Marshall define economics in Principles of Economics? Correct answer A study of mankind in the ordinary business of life What is the meaning of the Greek word oikonomos from which we get the word economics? Correct answer steward ...

Economics Notgrass Lesson 18 (Qs & As) What French and British practice hurt American trade during the war they fought against one another in the early 1800s? Correct answer Intercepting American vessels What did the Embargo Act of 1807 require of American ships? Correct answer They couldn't ...

Notgrass Exploring Economics Unit 3 (Qs & As) Property Correct answer The first believers in Jerusalem saw their possessions as common what? Communism Correct answer The fact that their sharing was not compulsory made the sharing by early believers different from what? Monasteries Correct ans...

Notgrass Exploring Economics Unit 14 (Qs & As) Land Grant Correct answer __________________ universities aided farming by conducting scientific research satellite Correct answer Advancements in _______________ technology have helped to increase farm yields corn Correct answer America's large...

Notgrass Exploring Economics Unit 11 (Qs & As) government Correct answer Economic freedom is freedom to work, buy, save, and engage in other economic activity without hindrance, regulation, or oversight by the _____________ Advisors Correct answer The Council of Economic _____________ is a thr...

Notgrass Exploring Economics Unit 13 (Qs & As) moral hazard Correct answer The tendency of people to engage in riskier behavior if other people bear or share the cost of that behavior is: Medicare Correct answer A federal program that provides medical coverage for the elderly Medicaid Correct...

Notgrass Exploring Economics Unit 5 (Qs & As) Loans that were too large for people to pay back Correct answer helped cause the Great Recession. A cost-benefit analysis Correct answer determines the cost and the benefit of taking a particular step before you take it to determine if the benefit ...