- | P a g e | © copyright 2024/2025 | Grade A+
Master01 | September, 2024/2025 | Latest update
PLATO / Edmentum End of Semester Test :
Economics Questions & 100% Correct Answers The Northville School Board has proposed this budget for the upcoming
school year:
✓ ~~> upgrading the computer lab hardware, getting new instruments
A company is struggling to finish the required accounting work for its financial year-end. The employees are unwilling to stay late to complete the work. If the company does not complete its work, it will be in serious trouble. So, the managers decide to pay the staff a bonus for every hour they stay during this period. After the employees worked extra hours for a few days, the work was completed and everyone was happy. What was the incentive for the employees in this scenario?✓ ~~> money
Which two sentences describe incentives?✓ ~~> The person to complete the work first will be rewarded. Harry's boss also announces that people working overtime will be eligible for a bonus.
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- | P a g e | © copyright 2024/2025 | Grade A+
Master01 | September, 2024/2025 | Latest update John works for a factory and receives a weekly paycheck. He typically places 3% of each paycheck into a bank savings account. The money placed in the savings account ______ the economy.In addition to providing savings accounts to customers, like John, the bank invests money in several businesses. The money that the bank invests ____ the economy.✓ ~~> leaks out from, is injected back into
The government of a country has introduced a few economic policies for the current financial year. Which of these policies is John Maynard Keynes most likely to disagree with?✓ ~~> Food exporters can export as much wheat as they want, while in the past they were limited to 50 tons.Entrepreneurs are no longer restricted from importing raw materials.
What is money supply?✓ ~~> the total amount of money circulating in the economy
Match the scenarios with the economic concepts they illustrate.✓ ~~> price of gold = substitution price of gas = income
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