Click Clickon onthe thebutton buttontotogo gototothe theQuestion problem © 2013 Pearson U.S and Global Economies CLICKER QUESTIONS © 2013 Pearson Click Clickon onthe thebutton buttontotogo gototothe theQuestion problem Checkpoint 2.1 Checkpoint 2.2 Checkpoint 2.3 Question Question 11 Question Question 44 Question Question 77 Question Question 22 Question Question 55 Question Question 88 Question Question 33 Question Question 66 Question Question 99 Question Question 10 10 © 2013 Pearson CHECKPOINT 2.1 Question An example of a capital good is A a fiber optic cable TV system B an insurance policy C a hair cut D an iPod E a slice of pizza © 2013 Pearson CHECKPOINT 2.1 Question Human capital is _ A solely the innate ability with which we are born B the money that people have saved C the knowledge people accumulate through education and work experience D machinery that needs human supervision E any type of machinery © 2013 Pearson CHECKPOINT 2.1 Question Wages are paid to and interest is paid to A B C D E entrepreneurs; capital labor; capital labor; land entrepreneurs; land labor; entrepreneurs © 2013 Pearson CHECKPOINT 2.2 Question Which of following countries (and areas) are all advanced economies? A Australia, Brazil, and the United States B Hong Kong, Japan, France, and the United Kingdom C Italy, the United States, China, and Russia D Singapore, Russia, France, and Chad E Mexico, Canada, Germany, and Egypt © 2013 Pearson CHECKPOINT 2.2 Question Workers in the advanced economies have human capital and physical capital to work with than workers in the developing economics A less; more B more; less C the same amount of; more D more; the same amount of E more; more © 2013 Pearson CHECKPOINT 2.2 Question Among Russia, India, newly industrialized Asia, Africa, and China, the country or area with the highest average income per person is _ A B C D E China Russia India newly industrialized Asia Africa © 2013 Pearson CHECKPOINT 2.3 Question In the circular flow model, _ A B C D only firms sell in markets only households buy from markets some firms only sell and some firms only buy the money used to buy goods and the goods themselves flow in the same direction E both firms and households buy or sell in different markets © 2013 Pearson CHECKPOINT 2.3 Question U.S exports of goods and services flow to households and firms in and U.S financial inflows of capital flow to households and firms in A B C D E the United States; the United States the United States; the rest of the world the rest of the world; the United States the rest of the world; the rest of the world the United States; both the rest of the world and the United States © 2013 Pearson CHECKPOINT 2.3 Question In the circular flow model, the expenditures on goods and services flow in the _ A same direction as goods and services in all cases B same direction as goods and services only if they both flow through the goods market C same direction as goods and services only if they both flow through the factor market D opposite direction as goods and services E opposite direction as the income through factor markets © 2013 Pearson CHECKPOINT 2.3 Question 10 A market is defined as A B C D E the physical place where goods are sold the physical place where goods and services are sold any arrangement that brings buyers and sellers together a place where money is exchanged for goods another name for a store such as a grocery store © 2013 Pearson ... States the United States; the rest of the world the rest of the world; the United States the rest of the world; the rest of the world the United States; both the rest of the world and the United States... capital to work with than workers in the developing economics A less; more B more; less C the same amount of; more D more; the same amount of E more; more © 2013 Pearson CHECKPOINT 2.2 Question... markets © 2013 Pearson CHECKPOINT 2.3 Question U.S exports of goods and services flow to households and firms in and U.S financial inflows of capital flow to households and firms in A B C D