Unit 3 Economics Quiz Review

Which of the following people would be a member of the labor force?

In order to raise money, corporations

a contract to buy stocks at a later time

Which of the following is a negative part of starting a sole proprietorship?

Doctors want to avoid malpractice suits against other doctors in their practice, so they form a

A vocational school provides _______ to workers

Conflict between owners if a disadvantage of what?

This has improved the transfer and storage of information and improved efficiency

Money that has value because the government says it does

How would an employer make sure they get enough applicants for a job?

If Pizza Hut, Little Caesars and Jets Pizza all combined, what would be it called?

Which of the following is true about franchises?

This can be a collection of different stocks and bonds

This group works to improve working conditions for workers

If you take money that you have today and put it away for later usage, it's called a(n)

If you buy a share of a company, you are known as a

Which partnership states that no one co-owner is responsible for debts?

When two sides can't agree, it often goes to binding arbitration and they get help from a _____

If the owner of a sole proprietorship dies, what happens?

A high-rise construction worker more than likely

An example of a skilled worker would be a

A business cannot legally pay an employee less than

Money that has value because the coin material has value

a person who buys and sell securities for customers

This sector is made up of service industries

Sole proprietorship, partnerships, corporations are all known as

If no workers need jobs, and no employers need workers, this has been reached

How are wages determined?

If a worker has a high level of skill, they can

Temporary workers are also known as

Workers with knowledge and skill to complete a job are a part of ________

When a pizza company buys a cheese company, and a tomato sauce company, and a dough provider...

A woman not getting a promotion that she deserves is said to have hit the

A group of farmers working together would form a

If an inventor wanted investors $$$ but didn't want to lose control, they would create a

A steady decline in the market prices

A type of ownership that gives no voting rights

A type of ownership that gives profits and voting rights

Money that is backed by something tangible

A steady rise in the market prices

Another name of stocks, bonds, and mutual funds

This is the money given to stockholders when companies make a profit

An example of a semi-skilled worker would be a

If a worker isn't hired due to their gender or minority, this is considered