ECN 2110 Week 6 Quiz | Assignment Help | Baker College
- Baker College / ECN 2110
- 20 Mar 2021
- Price: $5
- Accounting & Economics Assignment Help / Microeconomics
ECN 2110 Week 6 Quiz | Assignment Help | Baker College
Module 6A Quiz
Question 1
When reference is made
to the _________________________ , it means the specific amount of income
needed for a basic standard of living.
o
poverty trap
o
income line
o
income gap
o
poverty line
Question 2
In the U.S.,
comparisons of high and low incomes raise issues of economic
_________________________.
o
inequality and poverty
o
equality and wealth distribution
o
wealth distribution and poverty
o
equality and inequality
Question 3
If incomes rise for
both low-income and high-income workers, but rise less for the high- income
workers
o
then poverty will rise and inequality
will fall
o
then poverty will fall and inequality
will rise.
o
then poverty will rise and inequality
will rise
o
then poverty will fall and inequality
will fall.
Question 4
The food stamp benefit
o
is a state funded program started in
1984.
o
does not contribute to the poverty trap
from an economic viewpoint.
o
has time limits and is not a complete
disincentive to work.
o
is reduced by $35 for every $100 earned
and a and c above.
Question 5
Why did inequality of
household income increase in the United States in recent decades?
o
growth of single-parent families at the
top end of the income distribution
o
higher-earner couples near the top end
of the income distribution
o
increase in earnings received by
high-skilled labor relative to low-skilled labor
o
demand for high-skilled labor at higher
wages increased and b and c
Question 6
A bond is a form of
___________ through which a corporation agrees to repay the amount that was
borrowed together with ___________ over a period of time in the future
o
financial contract; a rate of interest
o
financial instrument; a rate of return
o
initial public offering; a rate of
interest
o
financial investment; guarantees the
investment
Question 7
Which of the following
would legally qualify you to be registered as a shareholder of Microsoft
Corporation?
o
buying the stock on the New York Stock
Exchange
o
investing in bonds issued by the
Microsoft
o
ownership of debt issued by the firm
o
ownership of debt issued by the firm
Question 8
A checking account
typically pays __________________, but gives easy access to your money, either
by writing a check or by using ______________.
o
no interest; a credit card
o
between 3% and 5% interest; a credit
card
o
little or no interest; a debit card
o
between 2% and 4% interest; a debit card
Question 9
Why do business firms
need financial capital?
o
to lend to other businesses
o
to make real physical capital
investments
o
to provide an alternate source of
revenue for households
o
to make diversified capital investments
Question 10
Which of the following
is considered to be a method that firms can use to raise the financial capital
that they need to pay for modernizing their production plants?
o
reinvesting profits
o
investments by late stage investors
o
borrowing large sums directly from
households
o
increasing dividends to attract new
investors
USA 
India