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Go Back   Freemason Hirams Travels Masonic Forums > Social Science > Economics

Economics Economics

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Old 04-06-2008, 11:53 AM
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Economics homework please help multiple choice!?

68: True or False: The Gross Domestic Product represents the total goods produced inland by domestic and foreign companies.

2: A ______ is a market where price is determined by the unregulated interchange of supply and demand. This is in contrast to a _______ where supply, demand, and price are set directly by government.
open market, controlled market

free market, controlled market

open market, closed market

free market, closed market

8: The hope for profits and the threat of losses is what forces a business owner in a capitalist economy to produce at the lowest cost and sell what the customers are most willing to pay for. This is an example of:

Supply and demand

Economic growth

The downfall of capitalism

Profits as incentives

19: Usually the short term goal of open market operations is to:

create more jobs.

achieve a specific long term interest rate target.

achieve a specific short term interest rate target.

increase stock market values.
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