Exam 1: Understanding Economic Systems and Business

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Forty-five percent of the labor force in Armenia is involved in the agricultural sector, but the economic growth in the nation comes from industry and tourism.What type of unemployment would such a mismatch of ability and job requirements cause?

(Multiple Choice)

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Question 21

The unemployment rate is the percentage of the total work force that is not working but is:

(Multiple Choice)

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Question 22

Which of the following is NOT a component of the consumer price index?

(Multiple Choice)

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Question 23

The main incentive in capitalism is:

(Multiple Choice)

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Question 24

What is the major source of revenue for the United States?

(Short Answer)

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Question 25

Which of the following is the BEST example of a not-for-profit business?

(Multiple Choice)

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Question 26

In a _____ market structure, many firms are in the market, the firms in the market sell similar but not identical products, and the market is relatively easy to enter.

(Short Answer)

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Question 27

A key element in capitalism is:

(Multiple Choice)

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Question 28

The Federal Reserve System can print money and raise taxes.

(True/False)

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Question 29

When Congress passes a law to raise individual tax rates, it is creating fiscal policy.

(True/False)

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Question 30

Imagine that you were reading an international marketing text in which you learned that the GDP for a nation that was a member of the former Soviet Union was $1.56 billion.A few pages later in the same text, the book states that that nation's real GDP was $800,000.From reading this information, you would know that:

(Multiple Choice)

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Question 31

Members of millennial generation:

(Multiple Choice)

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Question 32

The most basic measure of economic growth is the:

(Multiple Choice)

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Question 33

What is another name for a strategic alliance?

(Short Answer)

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Question 34

Demography is the study of:

(Multiple Choice)

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Question 35

The situation in which the average of all prices of products is rising is called:

(Multiple Choice)

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Question 36

Iris Souza started the summer with $30.She took $10 and made signs for her dog walking service.She posted the signs all over her neighborhood.She used the other $20 to buy a stout leash and a pooper-scooper.At the end of the summer, after buying herself a new pair of shoes for $50 (she had worn her other shoes out walking dogs), she had $125 left.Calculate Souza's costs for her summer job?

(Multiple Choice)

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Question 37

Which of the following statement about oligopolies is true?

(Multiple Choice)

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Question 38

Individual ownership of property is a key element in:

(Multiple Choice)

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Question 39

How has diversity impacted the marketing and customization of products?

(Multiple Choice)

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Question 40

Showing 21 - 40 of 224

Forty-five percent of the labor force in Armenia is involved in the agricultural sector, but the economic growth in the nation comes from industry and tourism.What type of unemployment would such a mismatch of ability and job requirements cause?

The unemployment rate is the percentage of the total work force that is not working but is:

Which of the following is NOT a component of the consumer price index?

The main incentive in capitalism is:

What is the major source of revenue for the United States?

Which of the following is the BEST example of a not-for-profit business?

In a _____ market structure, many firms are in the market, the firms in the market sell similar but not identical products, and the market is relatively easy to enter.

A key element in capitalism is:

The Federal Reserve System can print money and raise taxes.

When Congress passes a law to raise individual tax rates, it is creating fiscal policy.

Members of millennial generation:

The most basic measure of economic growth is the:

What is another name for a strategic alliance?

Demography is the study of:

The situation in which the average of all prices of products is rising is called:

Which of the following statement about oligopolies is true?

Individual ownership of property is a key element in:

How has diversity impacted the marketing and customization of products?

Making Ethical Decisions and Managing a Socially Responsible Business

Competing in the Global Marketplace

Forms of Business Ownership

Entrepreneurship: Starting and Managing Your Own Business

Management and Leadership in Todays Organizations

Designing Organizational Structures

Managing Human Resources and Labor Relations

Motivating Employees

Achieving World-Class Operations Management

Creating Products and Pricing Strategies to Meet Customers Needs

Distributing and Promoting Products and Services

Using Technology to Manage Information

Using Financial Information and Accounting

Understanding Money and Financial Institutions

Understanding Financial Management and Securities Markets

Your Career in Business

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