FREE MTTC Economics Questions and Answers
Which of the following is the best sign that a business cycle's recession phase has begun for the economy?
Correct!
Wrong!
As a gauge of a country's economic success, the gross domestic product (GDP) has the following significant limitations:
Correct!
Wrong!
Two pharma firms that are each separately owned come to an agreement to combine their operations. However, in order to make sure that the merger does not break antitrust rules, the merger must first have government approval.
This scenario most likely took place in which of the following types of economic systems?
Correct!
Wrong!
Which of the following theories best explains how the fundamental economic tenet that free trade generates prosperity works?
Correct!
Wrong!
Which of the following better denotes the start of a business cycle's contraction phase for the economy?
Correct!
Wrong!
Which of the following would be initially affected by government aircraft purchases?
Correct!
Wrong!
Which of the following provides the most effective illustration of marginal analysis?
Correct!
Wrong!