Microeconomics focuses on:
A) the employment rate in a country.
B) individual businesses.
C) the gross domestic product of a country.
D) taxation policies.
Question 2 - Japanese tourists come to experience the magic of Disney World and other attractions around Orlando, Florida. These tourists are
A) contributing to the United States' deficit balance of payments.
B) helping increase the balance of payments for Japan.
C) exporting products and services back to Japan.
D) further decreasing the United States' balance of payments.
E) helping the United States' balance of payments.
Question 3 - With warehouse showrooms, a customer selects the merchandise either from a catalog or from the showroom display, fills out an order form provided by the store, and hands the form to a clerk.
Indicate whether the statement is true or false
Question 4 - Meadowlark Medical Offices noticed that appointments taken by receptionists resulted in a lag between patients arriving, checking-in, being directed to an open treatment room, and the doctor being notified that they were in the treatment room waiting. To eliminate this lag, an electronic check-in system was installed. Patients now enter their information in the computer in the waiting room and all of the other functions are handled electronically with the receptionist only required to open the door, greet the patient, and walk them to the treatment room. When the treatment room door closes, a light above the door notifies the staff that the room is occupied. This is an example of a way to _____ productivity.
A) increase
B) eliminate
C) decrease
D) stifle
Question 5 - Macroeconomics focuses on:
A) the major issues facing the national economy that do not affect individuals.
B) the smaller economic units such as individual consumers and individual businesses operating within an economy.
C) the major issues facing the national economy that may seem abstract but directly affect an individual's day-to-day life.
D) the economics of private companies.
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