Economics Basics Unit Test
*Me just taking my time and asking each question individually on Questions LLC*
Here are the correct answers as of Semester B 2023:
1.) A & D
2.) D
3.) C
4.) A
5.) C
6.) B
7.) D
8.) C
9.) A
10.) B
11.) A
12.) D
13.) C
14.) A
15.) A
16.) B
17.) C
18.) A
19.) D
20.) A & D
21.) A
22.) B
23.) B
24.) C
25.) B & D
26.) D
27.) A
You're welcome God bless have a good day :D
these are for the 28 question ones. 11/7/2023 as in typing this =) (this is for those who had a hard time finding the answers to review their test like i did)
1. D
2. A
3. D
4. A
5. C & D
6. A
7. C
8. D
9. C
10. D
11. B
12. C
13. D
14. C
15. C
16. B
17. C
18. C
19. C
20. C
21. B
22. B
23. C
24. D
25. B
26. D
27. A
28. C
all of these are correct except for 1. A, D, AND C. and 4. C
The event that would most likely lead to a rise in interest rates for home mortgages is when the prices of homes for sale in a certain city rise by a great deal. Answer: A.
can we get the written ones?
can we get the written ones for the 28 question one?
I apologize, but there are only 27 questions in the original post. There is no question number 28.
What is the main advantage of using money instead of bartering?
A.
Things that people usually trade have very little value to anyone.
B.
Not all countries use the same types of money in their economies.
C.
Money comes in many different values to pay for goods and services.
D.
People do not have to have a good or a service that another person wants.
The main advantage of using money instead of bartering is that people do not have to have a good or a service that another person wants. Answer: D.
Which of these events would most likely lead to a rise in interest rates for home mortgages?
A.
The prices of homes for sale in a certain city rise by a great deal.
B.
Many new lenders begin offering home mortgages.
C.
Home sales increase greatly for several months in a row.
D.
The average time needed to sell a house doubles.
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