While a College Student, You Spent Two Years as an Officer

question 9

Multiple Choice

While a college student, you spent two years as an officer of the campus chapter of your field's main professional association. Which of the following statements best conveys what you accomplished?

• A) In my two years on the leadership team, membership was increased by 12 percent.
• B) In my two years on the leadership team, my work on recruiting and retention led to a 12-percent increase in membership.
• C) In my two years on the leadership team, we conducted several meetings about becoming professional engineers.
• D) I served on the leadership team for two years.

Assessing the effects of government policies on market equilibrium.

Examining the impact of changes in quantity demanded/supplied due to price controls.

Understanding the relationship between market interventions and shortages/surpluses.

Understand the basic assumptions underlying economic theories, including the maximization of profits by firms.

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Definitions:

Financial Account

A component of a country’s balance of payments that records transactions of foreign investment and domestic investment abroad, reflecting changes in ownership of international assets.

Financial Account

A component of a country's balance of payments that records transactions involving financial assets and liabilities between residents and non-residents over a period.

Capital Account

A national account that shows the net change in asset ownership for a nation, including assets from financial and physical capital.

Current Account

This term refers to a country's transactions with the rest of the world, including trade in goods and services, earnings on investments, and transfer payments.