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U.S. real GDP in 2018 was $18,638 billion, and real GDP in 2019 was $19,073 billion (constant 2012 $). What was the rate of growth in U.S. real GDP from 2018 to 2019. just prior to the coronavirus pandemic?  2.3% The best economic measure of the standard of living is  real GDP per capita If an economy is growing at a rate of 2.5% per year, how long will it take the economy to double in size?  28 years Workers in ________ countries have ________ to work with than do workers i...

A bond pays its ________ at the time of ________ .  face value; maturity Corporations issue stocks to  raise funds for investments Economists call the situation where one side of an economic transaction has more information than the other  asymmetric information The problem of moral hazard arises when the seller of a security has  little incentive to behave prudently after selling its security Financial markets are made up of people and firms that ________ assets.  buy ...

If a country's currency is determined only by the demand and supply for that country's currency, the country is said to have a  floating exchange rate. Countries that use the euro as their currency face similar concerns as countries did during the years of the gold standard in that each are  Unable to conduct monetary policy If a country's currency is pegged to the dollar its exchange rate is  fixed A decrease in a fixed exchange rate from 1.75 per pound to 1.60 per p...

1) Economics is the study of A) supply and demand. B ) how to make money in a market economy. C) the choices everybody makes to attain their goals, given their scarce resources. D) how to make money in the stock market.  C) the choices everybody makes to attain their goals, given their scarce resources. 2) What assumptions about humans do economists make? A) People are greedy and selfish. B ) None, because economics takes humans as given. C) Humans prefer to live in a societ...

Scarcity means we are unable to have as much as we would like to have. a. True b. False  False When making a rational decision which requires the consideration of costs and benefits involved, the opportunity cost of a decision is often not taken into consideration when indeed it should be. a. True b. False  True If X and Y are substitutes, the demand curve for X will shift to the right when the price of Y decreases. a. True b. False  False ~ 1 ~ for inquiry mail me @ ...

1) Rising prices erode the value of money as a ________ and a ________. A) medium of exchange; store of value B) unit of barter; unit of account C) store of value; unit of barter D) store of value; unit of liquidity  A) medium of exchange; store of value 2) The Fed's two main monetary policy targets are A) the money supply and short term interest rates. B) the inflation rate and real GDP C) short term interest rates and real GDP. D) the money supply and the inflation rate. ...

Utility  Pleasure or satisfaction obtained from consuming a good or service Economizing Problem  Wants exceed means Economizing Problem  Limited resources vs. unlimited wants Individuals Economizing Problem  Budget Line Society's Economizing Problem  Production Possibilities Frontier (PPF): Factors of production  the resources the economy uses to produce goods & services, including labor, land, capital Inverse Relationship (negative)  Variables move in oppo...

specific Ionization  # of ion pairs formed by a particle per path length Linear Energy Transfer  the average energy locally deposited in an absorber resulting from a charged particle per distance of travel stopping power  the absorbers ability to remove energy from a beam of a charged particle Range  inversely related to the stopping power, charged particle is only kinetic, it is the average depth of penetration before the charged particle loses all of its kinetic ener...

Atomic Mass  The actual weight of a particular isotope in AMU The atomic # is the # of:  Protons in the nucleus The periodic table of the elements lists all known elements in order of:  Increasing atomic # An action on an object that could cause the object to change speed or direction is identified as  Force The Law of Conservation of Energy states that the:  Total amount of energy in a closed system remains unchanged When the nucleons are combined to form a nucleus some...

Which of the following is true of protecting classified data? (CLASSIFIED DATA)  Classified material must be appropriately marked. A vendor conducting a pilot program with your organization contacts you for organizational data to use in a prototype. How should you respond? (CLASSIFIED DATA)  Refer the vendor to the appropriate personnel. When classified data is not in use, how can you protect it? (CLASSIFIED DATA)  Store classified data appropriately in a GSA-approved vault/co...