4th 6 Weeks Review February 2016

The probable impact of corporate downsizing is a movement from point X to point:

You own a carpet cleaning business. Which of the following BEST represents capital investment?

Customs and rituals define how the economic questions are answered in a:

The entry of women into the American labor force during WW II was one important reason for

The study of the entire economy, or looking at the "Economic Forest."

The interaction between producers and consumers makes economic decisions in a:

Entrepreneurs

If there is a shortage of a good or service in the market, prices will:

An increase in the price of cars causes a decrease in the demand for gas. These products are:

In a market economy, how are the three basic economic questions answered?

Production along the production possibilities curve represents an economy producing:

In the American economy,the goal of economic equity is MOST connected with

What basic economic problems do all nations have in common?

the Production Possibilities Frontier illustrates

If a nation encourages entrepreneurship, then which of the following is likely to occur?

Most government regulation occurs in which business type? 

Prices act as signals in the market because

At a government price ceiling of $2, what would be the quantity demanded and quantity supplied?

The least numerous form of business organization:

Economic sanctions recently in China have an effect on the US economy.  This principal is:

A market economy has an advantage over a traditional economy in that the market economy

What is the opportunity cost choosing to attend a sporting event over eating a dinner out?

Equilibrium is achieved when:

Romeo opened a dry-cleaning business as a sole proprietor. What is a disadvantage of this?

The supply of a product normally decreases if

Money used to buy capital goods such as computer equipment and tractors is:

When quantity supplied is greater than quantity demanded, the market results in a:

A corporation is created through:

When quantity demanded is greater than quantity supplied, the market results in a:

Which of the following is true about a stockholder in a corporation?

The business organization which has the toughest time raising financial capital:

Entrepreneurship and labor interact in which of the following ways?

Limited Liability:

The supply shift represented in the graph is most likely attributable to:

When a person attends a trade school, college, or university, he or she does so because they:

The payments for land,labor, capital, and entrepreneurial ability respectively are

Goods manufactured and intended for final use by people who purchase them are:

Private ownership of property and use of markets and prices to direct economic activity: 

Decreasing the cost of an input in production would cause overall supply to

GROSS DOMESTIC PRODUCT IS

For most goods and services, increased price results in

Which of the following is MOST important for economic growth?

Government makes major social, political, and economic decisions in a:

When you purchase a new vehicle, that transaction occurs 

If there is a surplus of a good or service in the market, prices will:

Goods manufactured to produce other goods and services are called::

One method by which corporations can raise money by: