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Fresh Grad Lands Job as Real Estate Agent With Help from Professional Writers

People go to websites to get the information they desperately need.  They could be looking for an answer to a nagging question.  They might be looking for help in completing an important task.  For recent graduates, they might be looking for ways on how to prepare a comprehensive resume that can capture the attention of the hiring manager

Manush is a recent graduate from a prestigious university in California who is looking for a job opportunity as a real estate agent.  While he already has samples provided by his friends, he still feels something lacking in his resume.  Specifically, the he believes that his professional objective statement lacks focus and clarity. 

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“Kudos to the team for a job well done.  I am sincerely appreciative of the time and effort you gave on my resume.  You did not only help me land the job I had always been dreaming of but you also made me realize how important adding those specific keywords to my resume!  Cheers!

Manush’s story shows the importance of using powerful keywords to his resume in landing the job he wanted.

Week 1 Reading Quiz Ch3

Navigation   » List of Schools  »  Glendale Community College  »  Economics  »  Econ 102 – Principles of Macroeconomics  »  Winter 2023  »  Week 1 Reading Quiz Ch3

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Below are the questions for the exam with the choices of answers:

Question #1
If the price is below the equilibrium level, then the quantity demanded will exceed the quantity supplied. This is known as ________________.
A  excess demand
B  excess supply
C  ceteris paribus
D  a price ceiling
Question #2
The demand curve for a typical good has a(n):
A  negative slope because consumer incomes fall as the price of the good rises.
B  negative slope because some consumers switch to other goods as the price rises.
C  negative slope because the good has less “snob appeal” as its price falls.
D  inverse slope because as the price goes up, the good has more profitability.
Question #3
When __________________, a firm will supply a higher quantity at any given price for its output, and the supply curve will shift to the right.
A  costs of production fall
B  there is a population increase
C  prices rise
D  equilibrium is achieved
Question #4
Which of the following would reduce the supply of microcomputers?
A  a technological improvement that lowers the cost of producing the computers
B  a reduction in the price of computers.
C  a reduction in the price of computer chips used to produce the computers
D  higher wage rates for the workers that assemble the computers
Question #5
If new manufacturers enter the computer industry, then (ceteris paribus):
A  the supply curve shifts to the left.
B  the demand curve shifts to the left.
C  the supply curve shifts to the right.
D  some established manufacturers must exit the industry.
Question #6
The nature of demand indicates that as the price of a good increases:
A  suppliers wish to sell less of it.
B  buyers desire to purchase less of it.
C  more of it is desired
D  more of it is produced.
Question #7
Consider the market for air travel. If airport fees rise and cause the price of plane tickets to rise,
A  It will cause buyers and sellers in the market to adjust their behavior.
B  All answers are correct
C  It will cause consumers to travel less by plane and more by car.
D  It will cause airlines to lower the number of flights they offer.
Question #8
A market is most efficient when
A  Producer surplus is greater than social surplus
B  Consumer surplus is equal to producer surplus
C  Social or economic surplus is maximized
D  Consumer surplus is greater than producer surplus
Question #9
Consider a market with an equilibrium price of $10. If the government imposes a price ceiling of $8, other things equal, the result will be as follow:
A  A surplus will occur because the price ceiling is below the equilibrium price.
B  The price ceiling will not affect the market which will remain at equilibrium.
C  A shortage will occur because the price ceiling is below the equilibrium price.
D  A surplus will occur because the price ceiling is above the equilibrium price.
Question #10
Identify the scenario which corresponds to the graph of a given market below:
A  The graph represents a decrease in supply and a decrease in equilibrium price and quantity.
B  The graph represents a decrease in equilibrium quantity demanded because of a price increase.
C  The graph represents a decrease in demand and a decrease in equilibrium price and quantity.
D  The graph represents an increase in demand and a decrease in equilibrium price and quantity.
Question #11
Consider the market for cheese. If the price of milk increases, what will be the consequences?
A  The supply of cheese would fall.
B  The supply of cheese would rise.
C  The demand for cheese would fall.
D  The demand for cheese would rise.
Question #12
Which of the following events would increase the demand for cruise vacations?
A  The popularity of cruises rises after a successful marketing campaign.
B  The price of cruises falls
C  The price of air travelling decreased significantly.
D  The economy is slowing, unemployment increases and average income falls.
Question #13
The market equilibrium for milk in your city can best be described as follows:
A  The price and quantity at which milk producers will earn the highest profit.
B  When the demand and supply of milk intersect, at a price where the quantity demanded and supplied of milk are the same
C  When the market is balanced at the price that benefits milk buyers the most.
D  The difference between the quantity demanded for milk and the quantity supplied at the equilibrium price.
Question #14
The supply of new houses in Houston is best described as
A  The number of new houses purchased in Houston in 2020.
B  As the price of new houses in Houston fell in 2020, builders built fewer new houses.
C  The quantity of new houses that builders are willing and able to build at various prices in a given period of time.
D  The number of new houses built in Houston in 2020.
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Linda
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“Kudos to the team for a job well done.  I am sincerely appreciative of the time and effort you gave on my resume.  You did not only help me land the job I had always been dreaming of but you also made me realize how important adding those specific keywords to my resume!  Cheers!

Manush
Fresh Graduate
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