Economics is a science that studies human behavior in ___
Society
Loneliness
The other two answers are correct
Useful means everything that has the capacity to satisfy ___needs
Animal
Human
The other two answers are correct
Families make decisions about what to ___
Produce
Consume
None of the other answers is correct
The Public Sector ___ the income from those who have the most to those who have the least
None of the other answers is correct
Monopolizes
Redistributes
Legislation that forces companies to reduce pollution ___ the cost of producing goods and servicies
Stays the same
Decreases
Increases
The Production Possibilities Frontier reflects the maximum quantities of goods and services that a society can produce in a given period of ___
Time
Stabilization
Austerity
According to the notes, if a country has an unemployement rate above ___%, it will have an inefficient productive structure
5
10
15
The Production Possibilities Frontier is ___
Increasing
Decreasing
The other two answers are correct
The beginnings of barter go back to the first ___ communities of human beings
The other two answers are correct
Nomad
Sedentary
The ___ of the settlements facilitated the appearance of the concepts of "coins"
Increasing
Decreasing
The other two answers are correct
The ___ greatly facilitates trade and the permanence of families in the area, building the wealth of the place and demographic growth and giving rise to the natural process of free trade and the development of the economy
Barter
Money
None of the other answers is correct
In the beginning, the money had an ___ value
The other two answers are correct
Intrinsic
Extrinsic
At the end of 2nd World War, the Allies established a new financial system in the ___ Agreements
Maryland
Boston
Bretton Woods
Expansive fiscal policies in the United States cause ___ of dollar
Abundance
Shortage
The other two answers are correct
The monetary authorities and Central Banks of developed countries ___ particular level of exchange rate
Try to defend a
Don't try to defend any
The other two answers are correct
Capitalism emerged in the ___ century
17th
16th
18th
In ___ the State limits itself to intervening in very specific cases
The other two answers are correct
The centralized planned economy
The capitalism
According to classical liberal thought, one of the things that governments must take care of is the legal code that guarantees respect for ___ property
Private
Shared
The other two answers are correct
Friedrich Hayek belongs to the ___School
The other two answers are correct
Austrian
Chicago
In the centralized planned economy, the market is manipulated by ___
The families
The companies
The State
In ___ the market doesn't send signals because it doesn't exist
The centralized planned economy
The capitalism
The other two answers are correct
The centralized planned economy appeared during the ___
Second World War
Russian Civil War
First World War
The centralized planned economy model spread under ___
The Komintern
The Soviet Union
The other two answers are correct
___ is trying to defend the centralized economy system by making some reforms or concessions in strategic sectors, such as tourism, to the market economy, prevailing abroad
Cuba
Russia
Neither of the other two answers is correct
Economics studies the relationship between aims and means ___
Limited
The other two answers are correct
Unlimited
The ___ are the people or groups that do and economic activity
The other two answers are correct
Economic agents
Production factors
___ are the owners of most of the production factors
Compagnies
Families
None of the other answers is correct
The Public Sector offers ___ goods and services that society thinks the entire population should receive
At a lower price
For free
The other two answers are correct
Higher costs can create ___ company profits
Neither of the other two answers is correct
More
Less
The Production Possibilities Frontier reflects the maximum quantities of goods and services that a society can produce with about ___
The other two answers are correct
Given technological knowledge
Production factors
The efficient productive structure is located in the ___ or very close to it
Production Possibilities Frontier
None of the other answers is correct
Ordinate center of the supply and demand graph
To produce more than one good it is necessary to produce ___ of another
More
Less
None of the other answers is correct
Who lived the longest?
They both had the same life expectancy
Nomads
Sedentaries
The ___ of commercial networks facilitated the appearance of the concept of "coins"
Expansion
Reduction
The other two answers are correct
Civilitations have adopted over the centuries various goods such as money that have monetary properties, these have been called ___
Real money
Money-merchandise
Cash
___ money has no intrinsic value
The other two answers are correct
Trust
Usufructuary
The Bretton Woods Agreements were in July ___
1946
1945
1944
In 1971, ___ central banks tried to convert their dollar reserves into gold creating and unsustainable situation for the United States
European
African
American
The monetary authorities and Central Banks of developed countries intervene in the foreign exchange market to calm speculative fluctuations in the ___ term
Long
Short
Medium
In ___ capital dominates over labor
Centralized planned economy
Capitalism
The other two answers are correct
The political doctrine that historically has spreadheaded the defense and implantatation of capitalism has been the economic and classical ___
The other two answers are correct
Marxism
Liberalism
According to classical liberal thought, one of things that the government must take care of is the defense of what are called "___ freedoms"
Negative
Positive
The other two answers are correct
George Stigler belongs to the ___ School
The other two answers are correct
Chicago
Austrian
Market manipulations in the centralized planned economy are made with economics ___ plans
The other two answers are correct
Annual
Multi-annual
In ___, without signals, the planners were not always correct in their forecast and this caused a lack of adaptation to reality and a poor reaction capacity
The centralized planned economy
The capitalism
The other two answers are correct
The Russian Civil War was against ___
The White Army
The other two answers are correct
The Triple Entente
At the beginning, the centralized planned economy was ___ productive than capitalism
The other two answers are correct
Less
More
Nowadays, only ___ follows a centralized economy model, with almost no capitalist or other reforms
North Korea
South Korea
The other two answers are correct
The means that studies the economy have ___
Alternative applications
None of the other answers is correct
Single application
The ___ are: families, compagnies ant the Public Sector
The other two answers are correct
Economic agents
Social agents
Businesses make decisions about what to ___
Consume
Produce
None of the other answers is correct
The ___ cost is what an agent loses when making a decision
The other two answers are correct
Acquisition
Opportunity
Higher costs can create ___ salaries
None of the other two answers is correct
More
Less
Situations that can occur in the productive structure of a country: ___ productive structure, inefficient productive structure and unattainable productive structure
Efficient
Improvable
The other two answers are correct
If a country has an efficient productive structure ___ idle resources
There aren't
None of the other answers is correct
There are
The opportunity cost is ___
Decreasing
Increasing
None of the other answers is correct
Who had the worst security?
They both had the same security
Sedentaries
Nomads
The coins were initially ___
Sacks of salt
Gold and silver
Tea bags
What precious metal has been used as money?
Gold
The other two answers are correct
Silver
___ many countries has a bimetallic standard, based on gold and silver
Between 1930 and 1950
During the 18th and 19th centuries
Between 1950 and 1970
In the Bretton Woods Agreements it was established that all currencies would convert into ___
None of the other two answers is correct
Gold
American dollars
In ___ 1971, the President of the United States unilaterally suspended the conversion of the dollar to gold
December
October
November
The monetary authorities and Central Banks of developed countries have the objective of maintaing price stability in the ___ term
Long
Short
Medium
In capitalism, ___ is the guide of economic action for the accumulation of capital
Input
Profit
Entry
One of the founding fathers of liberalism is ___
The other two answers are correct
Friedrich Hayek
John Locke
The so-called negative freedoms are the ___ rights
The other two answers are correct
Civil
Political
Milton Friedman belongs to the ___ School
The other two answers are correct
Chicago
Austrian
The plans of centralized planned economies are ___
Each ten years
Annual
Each five years
In ___ wages and prices were set by the State
The centralized planned economy
The capitalism
The other two answers are correct
The Russian Civil War was in the first months after the ___ Revolution
The other two answers are correct
October
April
In ___ soon the compagnies stopped being productive and the State became continuosly in debt to maintain full employment
The other two answers are correct
The capitalism
The centralized planned economy
The Andalusian economy, like the Spanish economy, has an ___ economic system
Mixed
Market
None of the other two answers is correct
The ___ implies that there aren't enough resources to produce enough to cover all the needs
Shortage
The other two answers are correct
Abundance
The economic agents are: ___ compagnies and the Public Sector
None of the other answers is correct
Families
single-family economies
___ make decisions about how to produce
Families
Compagnies
None of the other answers is correct
One of the dilemmas that individuals face when grouped together in societies is the classic dilemma between "guns and ___"
The other two answers are correct
Tanks
Butter
Higher costs can create ___ prices
None of the other two answers is correct
Less
More
Situations that can occur in the productive structure of a country: efficient productive structure, ___ productive structure and unattainable productive structure
Inefficient
Improvable
The other two answers are correct
If a country has an efficient productive structure, the ___ technology is used
Best
None of the other answers is correct
Worst
Is the Production Possibilities Fronties Movable?
Not
Yes
The other two answers are correct
What work began to develop with the first sedentary communities?
Pottery
Metallurgy
The other two answers are correct
Did barter disappear with the arrival of coins?
Not
Yes
The other two answers are correct
What cereal has been used as money?
Oats
Wheat
Rye
___ the Gold Standard was mainly adopted
After the Second World War
Between 1870 and the First World War
Between the two World Wars
In the Bretton Woods Agreements it was established that only ___ would be convertible into gold bars
The sterling pound
The German mark
The U.S. dollar
In December 1971, the President of the United States devaluated the dollar by ___%
10
20
15
The monetary authorities and Central Banks of developed countries want to avoid ___
Deflation
The other two answers are correct
Hyperinflation
In capitalism, the ownership of the means of production is in the hads of ___
State
Families
The other two answers are correct
One of the founding fathers of liberalism is ___
The other two answers are correct
George Stigler
Juan de Mariana
According to classical liberal thinking, one of the things that the government must take care of is the control of ___ security through the Armed Forces and the police
The other two answers are correct
External
Internal
___ argues that the State can increase effective demand by spending on goods and services avoiding cyclical crises
Adam Smith
Keynes
Friedman
One of the main problems in centralized planned economy is the ___ errors
The other two answers are correct
Provision
Forecast
In ___ decissions and reaction capacity were slower
The centralized planned economy
The capitalism
The other two answers are correct
The centralized planned economy got worse with ___ and his followers
Brezhnev
Stalin
Trotsky
___ had to allocate a huge amount of its budget to maintain the military and war technology in its Cold War against the United States
None of the other two answers is correct
Russia
The USSR
The Andalusian economy, like the Spanish economy, has a mixed economic system with great importance placed on the ___
Market economy
Centralized planned economy
The other two answers are correct
Scarcity implies that all the objectives of society ___ be satifisfied at the same time
Can't
The other two answers are correct
Can
The economic agents are: families, ___ and the Public Sector
None of the other answers is correct
Compagnies
Public Administration
___ make decisions about how to distribute
Families
Compagnies
None of the other answers is correct
National security spending to protect our coast is:
None of the other answers is correct
The butter
The cannons
Higher costs can create ___
Lower company profits and lower salaries
Higher prices
The other two answers are correct
Situations that can occur in the productive structure of a country: efficient productive structure, inefficient productive structure and ___ productive structure
Unattainable
Responsable
The other two answers are correct
The ___ productive structure is located above the Production Possibilities Frontier
Unattainable
Inefficient
Efficient
The displacement of the Production Possibilities Frontier may be due to:
An increase in workers or the discovery of new natural resources
The other two answers are correct
Technological improvements or an increase in capital
An autocratic society has an undemocratic government and usually leads to an economy ___ to other countries
Opened
None of the other answers is correct
Closed
According to the notes, in the Old ___, the monetary system and the exchange live together during history
Egypt
Roman Empire
Greek Empire
What was used as money in China?
None of the other answers is correct
Tea tablets
Lotus flowers
With the ___, any citizen could convert paper money into an equivalent amount of gold
Fiat money
Gold Standard
The other two answers are correct
In the Bretton Woods Agreements it was established that only the US dollar would be convertible into gold bars at ___ dollars per ounce for foreign governments
45
25
35
In 1971, the President of the United was ___
Richard Nixon
Dwight D. Eisenhower
John F. Kennedy
___ destroys the value of money
Inflation
Hyperinflation
The two answers are correct
In capitalism, the economy is determined by ___
The planners
The free market
The other two answers are correct
One of the founding fathers of liberalism is ___
The other two answers are correct
Milton Friedman
Adam Smith
According to classical liberal thinking, one of the things that the government must take care of is the establishment of policies that were considered indispensable for the ___
Market functioning
Establisment of prices
Neither of the other two answers is correct
In the centralized planned economy the production factors are in the hand of ___
Families
State
The other two answers are correct
One of the main problems in centralized planned economy is the low ___
The other two answers are correct
Demotivation
Motivation
Centralized planned economy is inspired by the ___ theory
Marxist
Keynesian
The other two answers are correct
After the Octover Revolution, appeared the ___
Neither of the other two answers is correct
Soviet Union
NATO
In the ___ of the 20th century, the USSR fell with its economic system
Mid
Beginning
Final
Scarcity ___ necessary to follow a policy of priorities
Makes
The other two answers are correct
Doesn't make
The economic agents are: families, compagnies and the ___
None of the other answers is correct
Public Sector
Senate
The Public Sector is made up of ___
Public entities (including public compagnies)
The other two answers are correct
The different public administrations
Spending on personal property to improve the standard of living in our country is:
None of the other answers is correct
The cannons
The butter
The Production Possibilities Frontier is the group of ___ that reach the maximum production
Technology combinations
Production factors
The other two answers are correct
A productive structure is __ if it is under the PPF
Inefficient
Efficient
Unattainable
The ___ productive structure is theoretical
Unattainable
Inefficient
Efficient
The ___ is buying or selling using a product or service instead of money
Barter
The other two answers are correct
Exchange
The ___ began with the need to exchange what was possessed for what was necessary
Barter
Exchange
The other two answers are correct
The ___ used barter as the basis of their trading system
Phoenicians
Romans
Carthaginians
What is not a monetary property?
Divisibilitiy
Expiration
Durability
When did countries try to return to the Gold Standard but they couldn't?
At the end of the Second World War
Between the two World Wars
Between 1870 and the First World War
In 1971, the ___ fiscal policies of the United States created doubts about the convertibility of dollar to gold
The other two answers are correct
Restrictive
Expansive
In ___ the dollar was devaluated by 10%
1973
1977
1975
The ___ is a generalized and sustained fall in prices
Hyperinflation
Deflation
The other two answers are correct
In capitalism, the distribution, production and prices of goods and services are usually determined by the interaction of ___
Speculation and contracting
Supply and demand
The other two answers are correct
One of the founding fathers of liberalism is ___
The other two answers are correct
Milton Ludwing von Mises
Benjamin Franklin
Classical liberal thought thinks that a ___ presence of the State in the economy would disturb its functioning
Higher
Lower
The other two answers are correct
In the centralized planned economy, the only important economic agent is ___
The families
The State
The companies
One of the problems in centralized planned economy is the ___ bureaucracy
The other two answers are correct
Reduced
Excessive
The centralized planned economy appeared in ___
Russia
Poland
China
The Soviet Union was born with the policy of ___
The other two answers are correct
A single country
Many countries
Today Russia and the Eastern countries are going towards the ___ economy
The other two answers are correct
Planned
Market
The concept of scarcity is applied to everything that is ___
Useful
None of the other answers is correct
Existing
Families are also called ___
The other two answers are correct
Household economies
Single-family economies
The Public Sector creates laws that regulate the way in which others ___ act when they go to the market
The other two answers are correct
Economic agents
Economic factors
In modern society, the dilemma between a clean environment and a high level of ___ is important
The other two answers are correct
Idleness
Income
The Production Possibilities Frontier reflects the ___ quantities of goods and services that a society can produce
The other two answers are correct
Minimum
Maximum
If a productive structure is inefficient, then:
The other two answers are correct
Not all resources are used
The technology is not adequate
The Production Posibilities Frontier is ___
Concave
Convex
None of the other answers is correct
Barter is buying or selling without using ___
Products
Cash
Services
Sometimes many ___ exchanges were necessary to satisfy needs
None of the ohter answers is correct
Useless
Intermediate
When exchange is frequent, barter systems find the need to have some goods with ___ properties
Monetary
Of reliability
Of durability
The first historial signs that we have of money in the form of currency in the West are those of the ___
Greeks
Phoenicians
Romans
What made countries unable to return to the Gold Standard between the two World Wars?
The crisis of 1929
The other two answers are correct
The economic situation
The expansionary fiscal policies of the United States in 1971 were mainly by military spending in ___
Iraq
Cambodia
Vietnam
In ___ the conversion of the dollar into gold ended
1973
1971
1975
Capitalism emerged in ___
America
Europe
Asia
In ___ there is free enterprise
centralized planned economy
Capitalism
The other two answers are correct
Classical liberal thought holds that the role of government should be ___ as much as possible
The other two answers are correct
Increased
Reduced
Ludwing von Mises belongs to the ___ school of economics
Austrian
Chicago
The other two answers are correct
In ___ the market doesn't allocate resources
The capitalism
The centralized planned economy
The other two answers are correct
In ___ there is a false market
The other two answers are correct
The capitalism
The centralized planned economy
The centralized planned economy appeared after the ___ World War
First
Second
Third
The centralized planned economy model was extended by ___
Many Asian countries
The other two answers are correct
All of Eastern Europe
___ is looking for a balance between the market economy ant the centralized planned economy