PLATO / Edmentum End of Semester Test : Economics Questions & 100% Correct Answers
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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
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