A) capitalist
B) socialist
C) communist
D) mixed economy
Correct Answer
verified
True/False
Correct Answer
verified
Multiple Choice
A) Total profit earned by producers.
B) Total amount of labor that will be employed in that market.
C) Amount of time it takes to bring together the buyers and sellers of the good.
D) Equilibrium price of the gooD.
Correct Answer
verified
Multiple Choice
A) Inflation
B) Conditions of low demand
C) Involuntary CPI
D) Cyclical unemployment
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verified
Multiple Choice
A) Lower interest rates.
B) Raise taxes.
C) Lower taxes.
D) Increase interest rates.
Correct Answer
verified
Multiple Choice
A) Healthcare under communism.
B) Healthcare under capitalism.
C) Healthcare under socialism.
D) Healthcare under nationalism.
Correct Answer
verified
Multiple Choice
A) Bribery is commonplace and necessary in socialistic nations.
B) Bribery is acceptable if everyone is doing it.As a business person,you have to find the right balance in whatever nation you want to sell your products.
C) Campaign contributions are not considered bribes,particularly if everyone in your industry is doing the same.
D) Ethics plays an important role in a capitalistic system and in the freedom to compete.Corruption can hinder economic growth.
Correct Answer
verified
True/False
Correct Answer
verified
True/False
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verified
Multiple Choice
A) federal;state
B) fiscal;monetary
C) monetary;fiscal
D) fiscal;federal
Correct Answer
verified
True/False
Correct Answer
verified
Multiple Choice
A) Reliance on the forces of supply and demand to determine what is produced.
B) Reliance on the government to determine what is produced and who gets the output.
C) An extremely rapid rate of economic growth.
D) Freedom of choice and freedom of competition.
Correct Answer
verified
Multiple Choice
A) kinked demand theory
B) invisible hand
C) spending multiplier
D) demand accelerator
Correct Answer
verified
Multiple Choice
A) Monetary policy
B) Incomes policy
C) Fiscal policy
D) Cyclical policy
Correct Answer
verified
Multiple Choice
A) Too many people would result in food shortages and shortages of other resources.
B) It was a very complex area of study based on mathematics.
C) The world population was growing slower than expected in the 1700s,leading economists to call it a dismal period of time.
D) There were too many old people and not enough young people to care for them.
Correct Answer
verified
True/False
Correct Answer
verified
True/False
Correct Answer
verified
Multiple Choice
A) It is not very successful at creating wealth.
B) Some businesspeople may let greed guide their behavior.
C) The amount of economic freedom enjoyed by consumers is very limited.
D) Producers are unlikely to supply the goods and services that consumers value the most.
Correct Answer
verified
True/False
Correct Answer
verified
True/False
Correct Answer
verified
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