QUESTION 28 A traditional conservative believes in: personal freedom but not eco
ID: 1134001 • Letter: Q
Question
QUESTION 28
A traditional conservative believes in:
personal freedom but not economic freedom.
neither personal freedom or political freedom.
economic freedom and personal freedom.
economic freedom but not personal freedom.
0.5 points
QUESTION 29
Macroeconomics is concerned with
the effects on Ford Motor of a strike by the United Auto Workers.
government decision making concerning farm price supports.
individual consumers.
economy-wide variables.
0.5 points
QUESTION 30
Scarcity is a situation in which
people can satisfy all their wants.
people cannot satisfy all their wants.
most people can get only bare necessities.
some people can get all they want and some cannot.
0.5 points
QUESTION 31
In our comparison of cumulative inflation rates from 2003-2015, the highest rate was college tuition and fees, overtaking health care costs.
True
False
0.5 points
QUESTION 32
When a country decides to produce fewer bombers and more public housing projects, it is answering the ________ part of one of the two big economic questions.
"for whom"
"defense"
"how"
"what"
personal freedom but not economic freedom.
neither personal freedom or political freedom.
economic freedom and personal freedom.
economic freedom but not personal freedom.
Explanation / Answer
Answers:
QUESTION 28:
A traditional conservative believes in:
A traditional conservative believes in: Option-(C) Economic freedom and personal freedom.
Hence option-(C) is correct answer.
QUESTION 29
Macroeconomics is concerned with:
Macroeconomics is concerned with: option-(D) economy-wide variables.
Hence option-(D) is correct answer.
QUESTION 30
Scarcity is a situation in which:
Scarcity is a situation in which: option-(B) people cannot satisfy all their wants.
Hence option-(B) is correct answer.
QUESTION 31
In our comparison of cumulative inflation rates from 2003-2015, the highest rate was college tuition and fees, overtaking health care costs.
In our comparison of cumulative inflation rates from 2003-2015, the highest rate was college tuition and fees, overtaking health care costs.
True
QUESTION 32
When a country decides to produce fewer bombers and more public housing projects, it is answering the "what"part of one of the two big economic questions.
Hence option-(D) is correct answer.
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