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Holt McDougal Economics Chapter 3.2: How Does Free Enterprise Allocate Resources? Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. What model is used to demonstrate markets and the flow of goods between firms and households?

Question 2 2. Which of the following is NOT a goal of the U.S. government that can be accomplished by fiscal policy?

Question 3 3. Who is normally the consumer in a resource market?

Question 4 4. Which of the following is NOT a producer?

Question 5 5. The Federal Reserve has noticed that expenditures are decreasing and that the number of loans requested has decreased significantly. What will they aim to do to increase the number of loan requests?

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Question 6 6. Which is NOT an example of a resource supplied by a household?

Question 7 7. For three quarters in a row, economic growth increased by 3%, 5% and 7%. As it was close to the election, the government did not try to stabilize the growth. In the last quarter of the year, the economy drastically fell by 5%. Which of the following best describes such an occurrence?

Question 8 8. How do governments plan for greater consumer demand?

Question 9 9. Which of the following is NOT a consumer?

Question 10 10. How do producers try to better understand their consumers?

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Question 11 11. Who is normally the producer in a resource market?

Question 12 12. Which of the following is an ethereal or intangible added utility to a consumer?

Question 13 13. You are an adviser to the Federal Reserve. Select which of the following is a goal that monetary policy should NOT strive towards nor have influence over?

Question 14 14. Which of the following is NOT true about how the government protects the U.S. economy?

Question 15 15. What is the name of the market in which households buy goods from firms?

Holt McDougal Economics Chapter 3.2: How Does Free Enterprise Allocate Resources? Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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