Term
From march 2007 to January 2009, how many people became uninsured every day?
a.10,000
b.14,000
c.25,000
d.1,000
|
|
Definition
|
|
Term
In 2004, How many Americans were without Health Insurance?
a.55 Million
b.73 Million
c.40 Million
d.15 Million
|
|
Definition
|
|
Term
•How much money would be saved in overhead and paperwork if America switched to a single payer system?
•a. 268 Billion
•b. 494 Billion
•c. 143 Billion
•d. 354 Billion
|
|
Definition
|
|
Term
—What is one of the Challenges that China’s Government is faced with?
a. Reducing corruption and other economic crimes
b. Ending job growth
c. Closing Schools
d. Terrorist threats
|
|
Definition
| A Reducing corruption and other economic crimes |
|
|
Term
—What is one of the causes of China’s high unemployment rate?
a.Increase in Exports
b.Global economic crisis
c.High skilled workers
d.Decrease in the working age population
|
|
Definition
|
|
Term
—What was China’s real GDP growth rate for 2008?
a.6.9%
b.2.3%
c.5.6%
d.9.8%
|
|
Definition
|
|
Term
žWhen was the first moving assembly line created and by who?
ž
žA) 1914, Henry Ford
žB) 1947, Qiad-e-Azam
žC) 1921, William Ford
žD) 1913, Henry Ford
|
|
Definition
|
|
Term
žWhich of the following are 2 benefits of the assembly line from an economic perspective?
ž
žA) Happy customers and Cheap gas
žB) Decreased supply and demand
žC) Increased labor force and Productivity
|
|
Definition
C) Increased labor force and Productivity
|
|
|
Term
žHow many cars were registered in America by 1929?
ž
žA) more then 26 million
žB) 80,000
žC) less then 10 million
žD) 1000 trillion
|
|
Definition
|
|
Term
•Business and Professional services lost how many jobs in February?
|
|
Definition
|
|
Term
•How long has It been since Michigan’s unemployment was as high as it is now?
|
|
Definition
|
|
Term
•What is the main cause of the unemployed residents in Michigan?
|
|
Definition
|
|
Term
•The inflation adjusted price of corn has ______ since 1973 while the nominal price has _______.
•A. decreased, increased
•B. increased, increased
•C. decreased, decreased
•D. increased, stayed the same
•
|
|
Definition
|
|
Term
•Approximately what percentage of income do Nigerian citizens spend on food?
•A. 92
•B. 34
•C. 63
•D. 12
•
|
|
Definition
|
|
Term
•Reasons why the USDA proposes ethanol as a good idea include all of the following except:
•A. Ethanol is good for our economy
•B. It will help solve oil addiction
•C. Ethanol results in massive fertilizer run-off
•D. It is an energy producer
|
|
Definition
| C. Ethanol results in massive fertilizer run-off |
|
|
Term
•What percent of Toyota Camry parts are made in America?
A.50%
B.25%
C.80%
|
|
Definition
|
|
Term
•Why did Asian companies start doing business in commonwealth territories?
A. To avoid tariffs
B. Potential profit
C. Tariff loss
|
|
Definition
|
|
Term
•How many employees does Kwikset Website employee?
A. More than 2,700
B.1,100
C.980
|
|
Definition
|
|
Term
¨If someone buys a house what variable of GDP does it help?
¡A) Consumption
¡B) Investment
¡C) Government
¡D) Net Exports
|
|
Definition
|
|
Term
¨Which is not a reason for the foreclosure crisis?
¡A) Technology
¡B) Unemployment Rate
¡C) Lack of Financial Management
¡D) Subprime Mortgages
|
|
Definition
|
|
Term
¨What is the current rate of unemployment in Michigan?
¡A) 8%
¡B) 30%
¡C) 12%
¡D) 21%
|
|
Definition
|
|
Term
•What was the predicted rate of inflated cost for energy consumers in Michigan?
•
A.8%
B.11%
C.6%
D.18%
|
|
Definition
|
|
Term
•What is the largest type of power supply produced from?
A.
A.Wind
B.Petroleum
C.Nuclear
D.Coal
|
|
Definition
|
|
Term
•Rank the following household consumptions of energy from lowest to highest
A.Heating
B.Lighting
C.Air Conditioning
D.Water Heating
|
|
Definition
| Water heating, heating, air conditioning, lighting |
|
|
Term
What aspect of the recession is affecting the marginal propensity to consume the most directly?
bA. Consumption
bB. Government Spending
bC. Investment
bD. Imports
|
|
Definition
|
|
Term
What is the common payment period for a new vehicle?
bA. 2-4 years
bB. 15-20 years
bC. 5-10 years
bD. 5,634 days, 5 hours, 6 minutes, and 23 seconds
bE. I don’t know because I was not paying attention to the presentation
|
|
Definition
|
|
Term
For every .60 cent increase in price of gas over $2.30/gallon, how much does the Light truck market lose its shares?
bA. 2-3%
bB. 9-10%
bC. 83-96%
bD. 4-6%
|
|
Definition
|
|
Term
What vehicle market did the Big 3 allow foreign companies to flourish in?
a.SUV/Truck
b.Transport vehicles
c.Compact
d.Sedan
|
|
Definition
|
|
Term
What industry is currently being pursued as a stable base for Michigan’s economy?
a. Agriculture
b. Tech
c. Movie
d. Auto
|
|
Definition
|
|
Term
How much of Michigan's economic production does manufacturing account for?
a.24%
b.12%
c.30%
d.90%
|
|
Definition
|
|
Term
žWhat is the largest area affected by the stimulus package?
žA) Science and Technology
žB) Tax Relief
žC) Health Care
žD) Education
|
|
Definition
|
|
Term
žWhat two factors are increased in the short-term from the stimulus package?
žA) Capital and Employment
žB) Capital and Unemployment
žC) Productivity and Employment
žD) Productivity and Unemployment
|
|
Definition
| A) Capital and Employment |
|
|
Term
žWhy is the stimulus package important to students?
žA) Who cares we’re already in enough debt
žB) You get free tuition
žC) You get a free car
žD) Increased government aide through the Pell Grant
|
|
Definition
| D) Increased government aide through the Pell Grant |
|
|
