Foundations of economics 6th by parkin ch02 clicker questions
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U.S. and Global
Economies
2
CLICKER QUESTIONS
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Checkpoint 2.1
Checkpoint 2.2
Checkpoint 2.3
Question
Question 11
Question
Question 44
Question
Question 77
Question
Question 22
Question
Question 55
Question
Question 88
Question
Question 33
Question
Question 66
Question
Question 99
Question
Question 10
10
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CHECKPOINT 2.1
Question 1
An example of a capital good is ______.
A. a fiber optic cable TV system
B. an insurance policy
C. a hair cut
D. an iPod
E. a slice of pizza
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CHECKPOINT 2.1
Question 2
Human capital is _________.
A. solely the innate ability with which we are born
B. the money that people have saved
C. the knowledge people accumulate through education and
work experience
D. machinery that needs human supervision
E. any type of machinery
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CHECKPOINT 2.1
Question 3
Wages are paid to ____ and interest is paid to ____.
A.
B.
C.
D.
E.
entrepreneurs; capital
labor; capital
labor; land
entrepreneurs; land
labor; entrepreneurs
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CHECKPOINT 2.2
Question 4
Which of following countries (and areas) are all advanced
economies?
A. Australia, Brazil, and the United States
B. Hong Kong, Japan, France, and the United Kingdom
C. Italy, the United States, China, and Russia
D. Singapore, Russia, France, and Chad
E. Mexico, Canada, Germany, and Egypt
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CHECKPOINT 2.2
Question 5
Workers in the advanced economies have ____ human
capital and ____ physical capital to work with than do
workers in the developing economics.
A. less; more
B. more; less
C. the same amount of; more
D. more; the same amount of
E. more; more
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CHECKPOINT 2.2
Question 6
Among Russia, India, newly industrialized Asia, Africa, and
China, the country or area with the highest average income
per person is _______.
A.
B.
C.
D.
E.
China
Russia
India
newly industrialized Asia
Africa
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CHECKPOINT 2.3
Question 7
In the circular flow model, _______.
A.
B.
C.
D.
only firms sell in markets
only households buy from markets
some firms only sell and some firms only buy
the money used to buy goods and the goods themselves
flow in the same direction
E. both firms and households buy or sell in different
markets
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CHECKPOINT 2.3
Question 8
U.S. exports of goods and services flow to households and
firms in ____ and U.S. financial inflows of capital flow to
households and firms in ____.
A.
B.
C.
D.
E.
the United States; the United States
the United States; the rest of the world
the rest of the world; the United States
the rest of the world; the rest of the world
the United States; both the rest of the world and the
United States
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CHECKPOINT 2.3
Question 9
In the circular flow model, the expenditures on goods and
services flow in the _______.
A. same direction as goods and services in all cases
B. same direction as goods and services only if they both
flow through the goods market
C. same direction as goods and services only if they both
flow through the factor market
D. opposite direction as goods and services
E. opposite direction as the income through factor markets
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CHECKPOINT 2.3
Question 10
A market is defined as ________.
A.
B.
C.
D.
E.
the physical place where goods are sold
the physical place where goods and services are sold
any arrangement that brings buyers and sellers together
a place where money is exchanged for goods
another name for a store such as a grocery store
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