1. Which of the following is not relevant to the definition of the subject
a) the rarity of the good;
b) efficient use of resources;
(+) c) unlimited production resources;
d) maximum satisfaction of needs.
2. Economic theory:
(+) a) suitable for studying all economic systems;
b) suitable for studying only the capitalist system
management;
c) cannot be useful in the study of economic relations,
characteristic of socialism;
d) all previous answers are wrong.
3. What is an economic good?
(+) a) it is a commodity of relative rarity;
b) everything that serves the benefit of society;
c) it is any product that can satisfy some
need;
d) any good produced in the economy.
4. The problem of rarity directly relates to:
a) only to the socialist economic system;
b) only to periods of crisis and destruction;
(+) c) to all times and all economic formations;
d) only to third world countries with low level welfare.
5. Which of the following does microeconomics study?
b) the number of people employed in the economy;
c) the general level of prices;
(+) d) grain production and its price dynamics.
6. Economic theory:
a) is not a science;
(+) b) cannot predict the future, but can explain
the consequences of certain phenomena in the development of the economy;
c) deals exclusively with forecasts of the development of economic
d) includes provisions that are always accepted by all
economists.
7. If the economy as a whole is being studied, then this is an analysis:
a) normative;
b) microeconomic;
c) positive
(+) d) macroeconomic;
8. The general price level is studied in the course:
(+) a) macroeconomics;
b) microeconomics;
c) management;
c) an increase in the interest rate;
12. What is the advantage market economy?
(+) a) automatic adaptation of producers to demand, and
consumers to the offer;
b) the absence of environmental problems;
c) equal distribution of resources between industries;
d) the focus of firms, more on growth than profit.
13. Which of the following is not a characteristic of a market economy?
a) private property;
b) competition;
(+) c) centralized planning;
d) freedom of entrepreneurial choice.
14. Capital is one of the factors of production. Can it be classified as capital?
(+) a) neither money, nor stocks, nor bonds are capital;
c) only money
d) only securities.
15. The production possibilities curve shows:
a) the time when the law of decreasing
productivity;
b) the best possible combination of two goods;
c) the exact quantities of the two goods that the economy intends to
produce;
(+) d) an alternative combination of goods in the presence of this
the amount of resources.
16. Which of the factors directly affects the shift of the production possibilities curve to the right?
(+) a) the growth of the working-age population;
c) inflation;
d) cut spending on weapons.
17. The opportunity cost of a new store is:
a) payment of its staff;
(+) b) the price of other commodities, the production of which is brought into
a sacrifice to the construction of this store;
c) change tax rate paid out of the store's income;
d) interest on a loan taken by a store in a bank.
18. The market mechanism is a way:
a) harmonization of these decisions;
(+) b) coordination and synchronization of consumer decisions,
|
 |
a) excess;
d) all options are wrong.
In a market economy, the problem of “for whom to produce” is solved as follows:a) consumers offer prices for goods that are most
want to buy and refuse to buy (or agree to buy
at low prices) goods less attractive to them;
(+) b) producers set prices for production
resources (according to utility), thus determining
the cash income of the owner of a particular resource, which is then
can be used to purchase goods and services;
c) based on the distribution of income in accordance with the needs
consumers;
d) on the basis of competition, which hinders the growth of profits,
keeping prices at a level affordable to the consumer.
34. The price of the productXis 1.5 rubles. The price of the productYis 1 rub. If the consumer evaluates the marginal utility of a goodYat 30 utils and wishes to maximize purchase satisfactiongoodsXAndY, then he must take the marginal utility of the goodXbehind:
a) 15 util;
b) 20 util;
c) 30 utils;
(+) d) 45 util.
35. Which of the following markets is most consistent with perfect competition?
b) hairdressing services;
c) cars;
(+) d) shares and bonds of firms.
36. Normative economic theory studies:
a) "what is";
(+) b) what should be;
c) positive trends in economic development;
d) value judgments.
Analysis is a method of knowledge that:(+) a) involves the division of the whole into separate constituent parts and
studying each of these parts;
b) based on the combination of individual parts of the phenomenon studied in
analysis process;
c) based on inferences from the particular to the general;
d) involving the transfer of properties from a known phenomenon or
process into unknowns.
A straight line showing all combinations of resources that require the same cost to use isa) hyperbole;
b) curve;
c) broken line;
(+) d) isocost.
39. Place the following economic schools in the historical sequence of their occurrence:
2. physiocrats,
3. marginalism,
4. classical school,
5. neoclassical direction,
a) 1,2,3,4,5,6 b) 6,5,4,3,2,1 (+) c) 6,2,4,3,5,1 d) 6,2,1, 3,5,4
40. “Positive science,” wrote J. M. Keynes, “may be defined as the body of systematic knowledge relating to…” (continue):
a) to what is;
(+) b) to what should be;
c) positive trends in economic development;
d) to value judgments.
Demand is...(+) a) needs supported by the solvency of buyers;
b) a judgment about the value of a particular good;
c) the acquisition of additional production resources in order to
expansion of production;
d) the production of individual goods and the dynamics of their prices.
Demand change factors:A) cash income buyers;
b) consumer expectation;
c) prices for interchangeable and complementary goods;
(+) d) all answers are correct.
Inflation is:(+) a) an increase in the general price level;
Goods are:(+) a) funds available in limited quantities, with the help of
b) funds available in unlimited quantities, with the help of
which needs are met;
c) the totality of all goods and services representing any
value;
d) the totality of all goods and services without which a person cannot
exist.
60. The mental decomposition of phenomena into component parts and the selection of its individual aspects in order to reveal that specific thing in them that distinguishes them from each other is:
a) an economic experiment;
b) synthesis;
(+) c) analysis;
d) deduction.
Variable costs:a) costs that depend on the price of the product produced;
(+) b) costs that depend on the volume of production;
c) costs not directly related to a particular product;
d) costs that do not depend on the volume of production.
Economic theory includes in the scope of its study:a) only a market economy;
b) all systems except for the planned economy;
c) all systems except transition economy;
(+) d) all economic systems.
The term "reproduction" was first used by:d) P. Samuelson
In the model of the circulation of income and expenses in the national economy:a) there is a productive class, an infertile class, and a class
owners;
b) all social production is divided into two divisions:
production of means of production and production of objects
consumption;
c) the main link is the state;
(+) d) the movement of income and expenditure is mediated by the resource market and minus current material costs plus, the share of imports in the domestic
consumption, the share of external borrowings in covering
69. Transfer payments are:
(+) a) payments not contingent on the production of goods and services;
b) late payments;
c) a part of the produced product that does not have the form of income;
d) rental income.
70. Keynesian segment on the aggregate supply curve:
a) has a positive slope;
b) has a negative slope;
c) represented by a vertical line;
(+) d) is represented by a horizontal line.
volume of GNP.
The budget existsa) only from the state;
b) the state and enterprises of the real sector of the economy;
(+) c) all economic entities;
d) important structures federal level.
If the government proposes to increase taxes by 20, then to keep the level of output unchanged, government purchases should:a) increase by more than 20;
b) increase by 20;
(+) c) increase by less than 20;
d) decrease by 20.
Increasing the cash-to-deposit ratio will result in:(+) a) a decrease in the money supply;
b) an increase in the money supply;
c) a decrease in the demand for money;
D) an increase in the demand for money.
A model that considers the distribution of income from the position economic efficiency closer to:(+) a) market model;
b) egalitarian model;
c) mixed model;
d) the theory of the social market economy.
According to the Heckscher-Ohlin comparative advantage model, countries specialize in the production of products based on their comparison:a) production costs
(+) b) cost of factors of production;
c) marginal utilities of exchanged goods;
d) labor costs.
TOPIC 1. SUBJECT AND METHOD OF MICROECONOMICS.
Test 1.1
The methodology of economic theory is the doctrine:
a) on the dynamics of economic development;
b) o scientific methods and principles of knowledge of society;
c) principles and methods of economic knowledge;
d) none of the above is the methodology of economic theory.
Correct answer: c.
Any methodology is a science of methods. Since we are talking about the methodology of economic theory, insofar as its methodology will be a set of methods and principles of economic knowledge. The dynamics of economic development (a) is not so much a method as a separate area of study (subject) of economic theory. The definition of the methodology of economic theory as a doctrine of scientific methods and principles of cognition of society (b) is not accurate, aimed at studying economic phenomena and processes.
Test 1.2
Positive economic theory studies:
a) the question “what is there?”;
b) the question “what should be?”;
c) positive trends in economic development;
d) value judgments
The correct answer is a).
Positive economics describes economic phenomena and processes as they are in reality. To the question “what should be?” normative economics. Positive trends in economic development are only part of the result of economic analysis. Value judgments are one of the methods of studying economics.
Test 1.3
If the economy is studied as an integral system, then this analysis:
a) microeconomic;
b) macroeconomic;
c) positive;
d) normative.
The correct answer is b).
It is macroeconomics that studies the economic system as a whole. Microeconomics studies the behavior of an individual economic entity or the state of the market for a particular product. Positive and normative analysis is another level of analysis, not related to the breadth of coverage, but the nature of economic research.
Test 1.4
The method of inference based on the generalization of facts is called……….. (indicate in one word).
Correct answer: induction.
It should be remembered that induction (guidance) provides a transition from the study of single facts to general provisions and conclusions, while deduction (inference) makes it possible to move from the most general conclusions to particular ones.
Test 1.5
Part of theoretical economics that explores isolated economic units (economic entities) and individual markets, is called ……….. (indicate in one word).
Correct Answer: Microeconomics.
It is microeconomics, in contrast to macroeconomics, that studies the behavior of an individual economic entity or markets for individual goods, and not the economy as a whole.
"Economic activity" - Russia produced 130 million tons of coal. Economic science. Division of labor, specialization, trade. GDP is a measure of the economy as a whole. Exchange. Nominal GDP - volume in current prices. Exchange links consumption, production, distribution. Economy: science and economy. Real GDP - constant prices.
"The economy during the war" - Sources of post-war economics. growth. The situation at the end of 1941 http://www.pobediteli.ru/. Foreign policy. North Atlantic (to the ports of Murmansk, Severomorsk, Arkhangelsk, Molotovsk (since 1957. Post-war development National economy 1945 - 1953 Post-war restoration of the national economy.
"Regional economy" - Stages of formation of science. Basic concepts. Economic zoning. The concept of spatial development, factors reflecting the influence of space. Regional economy and management. Methods regional economy. Region: content and functioning. Main objectives of the course Subject and object of the regional economy.
"Relations in the economy" - Market relations in modern economy. Capital market: Securities, currency act as a commodity. IN market mechanism the economic laws of supply and demand apply. Each commodity producer tries to exhibit his product in the very at its best through advertising. distribution relationships.
"Economics and production" - Labor (human resources). What's happened economics? Extraction of raw materials. Capital. Three main questions of economics. Rent. Economy. Profit. Production and processing of materials and energy. Earth ( Natural resources). Reproducible resources. Relationships of people. Percent. Needs. Basic concepts of the topic.
"Economy 2 class" - Transport. What machines are used in construction? Bus. Tests for the section "Life in the city and the village." What types of transport do you know? Truck. What parts of the economy do you know? Panel carrier. Industry Agriculture Trade Construction Transport. Ambulance. Police. What is an economy?
TOPIC 1. INTRODUCTION TO ECONOMY
?Which of the following is not a major economic goals society?
Economic growth and production efficiency improvement
Full employment
Socio-economic stability
Overcoming the rarity of goods
?What does microeconomics study?
The economy as a whole system
The science of how to make money
The science of money, capital, prices, production and employment
The science of human behavior in the process of production, distribution and consumption of material goods and services
The science of economic relations and laws, the knowledge of which allows one to choose how limited resources are used for the production of various goods and their distribution for consumption
?The production possibilities curve shows different combinations of two products when:
Full use of all available resources and unchanged technology
Incomplete use of labor resources
Changing the amount of resources used
Full use of labor resources
?The totality of the products of labor produced is divided into:
Means of production and consumer goods
Objects of labor and means of labor
Objects of labor and products of labor
Labor force and means of labor
?The production possibilities curve shows:
An alternative combination of goods for a given amount of resources
The best possible combination of two goods
The exact quantities of the two goods that the farm intends to produce
Time when the law of diminishing factor productivity comes into play
?Choose the correct definition of the term "factors of production":
= factors of production are a combination of material and human resources
Factors of production are resources used to produce economic goods.
The factors of production are labor and capital.
?"Non-economic" goods are:
baked bread
Trees in the forest
Furniture in the store
?Name a public good:
Use of the city park
Hire a private jet
Use of a privatized boat station
Buying a house
?Not related to the main issues of economics :
Which production method to use
What product to produce
In what quantity to produce this product
There is no correct answer
?Marginalists rely in economic analysis on economic quantities
Limit
Total
Minimum
?If the amount of free goods in the economy increases, then the production possibilities curve:
Move to the origin
Moves up to the left
Will not change
Shift to the right up from the origin
?An economic good is not:
Hamburger
TV
Journal article
?The scarcity of goods implies that:
Goods are insufficient in their physical nature
Goods are insufficient relative to needs
The number of benefits is small with the available natural resources
The number of benefits is large with the available natural resources
?For the first time, the ideas of liberalism, minimal state intervention in the economy, were developed by:
K. Marx
A. Smith
J. Keynes
?If the economy is studied as an integral system, then this is an analysis:
Macroeconomic
Microeconomic
Positive
Normative
?Resource constraints are a problem that:
Only poor people have
Exists only in poor countries
All people and societies have
d) never occurs in rich people
?Mercantilism proceeded from the fact that:
Brings wealth efficient distribution of products of labor
Wealth is primarily gold and silver
Wealth is created only in agriculture
Brings wealth production of material wealth
?What is the main content of the teachings of the Physiocrats:
The source of the nation's wealth is labor in agriculture and its product.
Dominance of Quantitative Analysis
Trade is only the exchange of goods created
The liberation of the peasants from numerous requisitions
?The value of economic theory in the structure economic knowledge in that:
Expresses the relationship between people in the process of social production
Reveals the relationship of people to things
Shows attitude towards science
Expresses the relationship of man to the environment
?In modern economic theory, the Keynesian direction substantiates:
Deduction
?Positive economic theory studies:
What's in economic life societies
B) Opportunity costs.
D) inflation.
E) Profitability.
A) Ownership.
B) Right of use.
C) Right of disposal.
D) A, B, and C are correct.
E) A and B are correct.
A) microeconomic;
B) macroeconomic;
C) positive;
D) normative
E) right B), C), D).
A) deductive
B) inductive;
C) descriptive;
D) hypothetical;
E) statistical.
A) K. Marx;
C) A. Smith;
C) J. Keynes;
D) M. Friedman;
E) W. Petty.
A) educational;
B) practical;
C) prognostic;
D) controlling;
A) investment
B) production;
C) consumption;
D) limitation.
E) unemployment.
Modern type of money:
A) a bill
B) checks
C) a share
D) a bond;
E) gold.
A) command;
B) market
C) natural;
D) mixed;
E) traditional.
D) production for sale;
E) the existence of a monetary system.
A) macroeconomics;
B) microeconomics;
C) management;
D) international finance;
E) marketing.
A) microeconomics
B) macroeconomics
WITH) world economy
D) mega-economy
E) mesoeconomics
B) the general price level
A) macroeconomics
B) political economy
C) microeconomics
D) mesoeconomics
E) mega-economy
A) Marxism.
B) mercantilism.
C) Keynesianism.
E) marginalism.
A) mercantilism.
B) the theory of physiocrats.
C) marginalism.
D) Marxism.
E) classical school.
A) inflation.
C) unemployment.
B) Limited resources.
C) Private property.
D) Competition.
E) Strengthens incentives to work.
National economy;
A) a product of labor intended for exchange
B) gifts of nature
C) non-economic goods
D) economic benefits
E) products intended for personal consumption
In economics, a situation is constantly considered in which:
A. People do not limited needs and deal with unlimited resources
C. People have limited needs and deal with unlimited resources.
C. With unlimited human needs, people face limited resources
D. Both people's needs and resources are limited
E. More resources than needs
Classical political economy assumes:
A. State regulation of the economy
C. Relationship between free market forces and a strong state
C. Economic planning
D. Self-regulation of the market economy without state intervention
E. Reproduction of traditional farms
According to the theory of value of classical political economy:
A. Value is governed by utility and production costs.
B. Cost is regulated by the ratio of supply and demand
C. The production and exchange of goods is carried out on the basis of socially necessary labor costs.
D. The sale of labor is carried out on the basis of a comparison of their marginal utilities.
E. The prices of goods must be equal to the value
Define the subject of ownership:
A. Land plot
B. University building
C. Private Insurance Company
D. Car
E. Livestock
Define the property object:
A. Company owner
B. Livestock
C. Private insurance company
D. Limited Liability Partnership
E. Car owner
According to marginal theory, the value of a product is determined by:
A. The labor expended on its production
B. Socially necessary labor spent on its production
C. The level of demand for the product
D. Marginal utility of the good to the consumer
E. His price
Subsistence farming is based on:
A. Oligopoly
B. Monopsony
C. Monopolistic competition
D. Monopoly
E. Duopoly
If a 1% decrease in the price of a good leads to a 2% increase in demand for it, then this demand is:
A. Inelastic
B. Elastic
C. Unit elasticity
d. Perfect elasticity
E. Absolutely no elasticity
If the price of buns has increased significantly, then according to the graph, the demand curve for bread:
A. Oligopolies
B. Monopolies
C. Monopolistic competition
D. Monopsony
E. Duopolies
The elasticity of supply is determined by:
A. Change in purchases in % / change in price in %
B. Price change in % / change in purchases in %
C. Change in supply in % / change in price in %
D. Price Change % / Supply Change %
E. Elasticity of demand
The higher the income of the consumer, the greater the demand of the consumer:
A. More price inelastic
B. More price elastic
C. More income elastic
D. More income inelastic
E. Approaching unity elasticity
The elasticity of supply depends mainly on:
A. Elastic
B. Inelastic
C. Elasticity
D. Absolutely elastic
E. Absolutely inelastic
The main conditions of consumer behavior are:
A. Corporate
V. Rent
S. Family
D. Private
E. State
aim entrepreneurial activity is:
A. Salary increase
B. Receiving rent
C. Making a profit
D. Enrichment of Entrepreneurs
E. Helping the poor
The main types of wages are:
A. Accord-premium
B. Time and piecework
C. Budgetary and entrepreneurial
D. Income and profit
E. Minimum and maximum
What are the conditions for the emergence of differential rent I?
A. Differences in qualifications of agricultural workers
B. Difference in the location of plots in relation to the market
C. Differences in the fertility of individual plots of land and differences in the location of plots in relation to the market
D. Only the difference in the fertility of individual plots of land
E. Only the difference in the productivity of additional investments of capital in land
The essence of the entrepreneur's activity is revealed through the functions performed by him. Which of the following does not apply to them?
A. An entrepreneurial organizer of production who takes the initiative to combine the factors of production into a single process for the production of goods and services in order to make a profit
C. Entrepreneur-innovator, implementing on commercial basis new products, technologies, forms of business organization
C. The Entrepreneur is a person who is overly committed to the routine.
D. Entrepreneur - a person who is not afraid of risk and consciously takes it in order to achieve the goal of the business
E. Entrepreneur - a person who avoids risk, finds ways to “avoid” risk
When does the obsolescence of equipment take place in the enterprise?
A. Percentage
C. Profit
D. Salary
E. Dividend
What are the parts of the cost of a product?
A. Cost material costs, labor costs and profits
IN. Wage, profit and percentage
C. Cost of material inputs
D. Revenues and profits
E. The cost of all tangible and intangible costs
Profit is defined as:
A. Income (total revenue) / all costs
B. Revenues (total revenue) minus all costs
C. Costs/revenues (total revenue)
D. Revenue (total revenue) plus costs
E. All costs minus revenues (total revenue)
Which of the statements is true?
A. Rentoy
V. Rent
C. Percent
D. Dividend
E. Share of profit received by the farmer
What salary takes into account inflation:
A. Rated
B. Increased
C. Piecework
D. Real
E. Time-based
Real wages...
What structural parts does economic theory include as a basic economic science?
A) finance, accounting, socio-economic statistics;
C) economic history, economic sociology, world economy;
C) econometrics, economic and mathematical modeling, microeconomics;
D) microeconomics, macroeconomics, world economy;
E) the history of economic doctrines, economic policy, state regulation economy.
Which of the following concepts is not studied by microeconomics:
A) The activities of an individual firm.
B) Opportunity costs.
C) The impact that the state has on individual market participants.
D) inflation.
E) Profitability.
What powers characterize the legal side of property:
A) Ownership.
B) Right of use.
C) Right of disposal.
D) A, B, and C are correct.
E) A and B are correct.
If the economy is studied as an integral system, then this is an analysis:
A) microeconomic;
B) macroeconomic;
C) positive;
D) normative
E) right B), C), D).
If economic generalizations are based on facts, then such a method of analysis is:
A) deductive
B) inductive;
C) descriptive;
D) hypothetical;
E) statistical.
Which of the definitions characterizes the subject of economic theory:
A) It is the science of the dynamics of the material and spiritual needs of man.
B) It is the science of motivating human behavior.
C) It is the science of natural wealth.
D) This is the science of the most general laws of the development of human society in conditions of limited resources.
E) This is the science of the specific laws of the development of society.
Which of the options includes the main questions to be solved by any economic system?
A) what to produce?, how to produce?, for whom to produce?;
C) what is consumed?, what is consumed for? for what purposes is it produced?;
C) where to start producing? how to organize production? ;
d) How to plan the production? how to distribute products in society?;
E) what products to produce?, how to distribute products?, who will be the consumer of the products.
Founder of classical political economy, creator of the theory of labor value:
A) K. Marx;
C) A. Smith;
C) J. Keynes;
D) M. Friedman;
E) W. Petty.
economic laws express...
A) the laws of the economy issued by the state;
C) necessary, massive, stable, recurring causal relationships between economic phenomena and processes;
C) sometimes recurring or random connections in business processes;
D) actions of market entities to comply with tax and other laws.
Students study economic theory, thereby it performs the function ...
A) educational;
B) practical;
C) prognostic;
D) controlling;
E) The previous answers are not correct.
Problems what? how and for whom to produce? - may be related to:
A) only to the administrative-command system;
C) only to a market economy;
C) only to a developing economy;
D) only to traditional economy;
E) to any economic system.
The fundamental problem that all economic systems face is:
A) investment
B) production;
C) consumption;
D) limitation.
E) unemployment.
Modern type of money:
A) a bill
B) checks
C) a share
D) a bond;
E) gold.
When economic problems are decided partly by the market, partly by the government, then the economy:
A) command;
B) market
C) natural;
D) mixed;
E) traditional.
A prerequisite for the commodity organization of production is:
A) better satisfaction of human needs;
C) production of surplus products;
C) social division of labor;
D) production for sale;
E) the existence of a monetary system.
The general level of prices and unemployment in the economic system is studied in the course:
A) macroeconomics;
B) microeconomics;
C) management;
D) international finance;
E) marketing.
The laws and behavior of certain subsystems of the national economy are studied by:
A) microeconomics
B) macroeconomics
C) world economy
D) mega-economy
E) mesoeconomics
Which of the following does microeconomics study?
A) economy-wide production
B) the general price level
C) sugar production and price dynamics
D) the number of people employed in the national economy
E) the problem of unemployment in the country
The three types of economic systems are:
A) democratic, market, totalitarian
C) feudal, capitalist, socialist
C) traditional, market, centralized
D) democratic, anarchist, totalitarian
E) market, developing, transitional
The laws and behavior of the world economy as a whole are studied by:
A) macroeconomics
B) political economy
C) microeconomics
D) mesoeconomics
E) mega-economy
Which of the schools of economic theory was historically the first:
A) Marxism.
B) mercantilism.
C) Keynesianism.
D) classical political economy.
E) marginalism.
An economic theory that expresses the interests of the commercial bourgeoisie of the era of primitive capital accumulation is:
A) mercantilism.
B) the theory of physiocrats.
C) marginalism.
D) Marxism.
E) classical school.
All of the following are subject to macroeconomics except:
A) inflation.
B) state tax policy.
C) unemployment.
D) the sales volume of the firm.
E) the theory of industrial cycles.
Macroeconomics is a field of economic science that studies:
A) economic behavior of individual consumer groups.
B) the economic behavior of individual firms.
C) relations between individual representatives of different classes.
D) the process of forming a market price for a particular product.
E) processes occurring in national economy taken as a whole.
Which of the following concepts is not applicable in a market economy:
A) Full administrative control over the production and consumption of goods and services.
B) Limited resources.
C) Private property.
D) Competition.
E) Monopolistic competition.
The disadvantages of a market economy include that it:
A) Promotes more efficient use resources.
B) Creates conditions for the optimal use of scientific and technical progress.
C) Provides freedom of choice for producers and consumers.
D) Contains mechanisms that contribute to the emergence of social injustice.
E) Strengthens incentives to work.
Specify the most complete definition of the subject of economic theory:
A) economics studies activities involving the production and exchange of goods;
C) economics studies the variables that affect the state
National economy;
C) economics is the study of how society uses limited resources necessary for the production of goods in order to meet the needs of society;
D) economics studies monetary and banking system, capital, etc.;
E) economics studies the relationship between people about the appropriation of material goods.
