Consumers Ed Review 2

Question 1

People who work for someone else are called

Accepted Answer

employees

Question 2

Macroeconomics deals with decisions of large bodies like the government.

Accepted Answer

True

Question 3

Having your parents as a reference is a good idea

Accepted Answer

False

Question 4

It is ok to leave sections blank on a resume

Accepted Answer

False

Question 5

The greatest thing given up when making a decision is called?

Accepted Answer

Opportunity Cost

Question 6

What percent of new business survive 2 years?

Accepted Answer

67%

Question 7

economics is the social science concerned with the problem of scarcity

Accepted Answer

true

Question 8

an organic business or environmentally friendly products is called

Accepted Answer

green business

Question 9

What is the highest point of the economic cycle

Accepted Answer

peak

Question 10

What percentage of new businesses survive 4 years?

Accepted Answer

44%

Question 11

People who own,operate, and take risk of a business venture are called?

Accepted Answer

Entrepreneurs

Question 12

which is not a factor of production

Accepted Answer

economics

Question 13

How many References do you need for your resume?

Accepted Answer

3

Question 14

not enough resources to meet demand is called?

Accepted Answer

scarcity

Question 15

You need a resume to go to a four year college or to get a career in a selective field

Accepted Answer

True

Questions 15