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14 terms·StudBud Administration·516 plays

a business quiz on chapters 1 2 and 3

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Questions 14

Answers

1
Which is not a type of competition?
Monopoly
Perfect Competition
Ologopy
Inflation
2
What are the three largest exporting nations?
United States, Russia, Italy
Canada, United States, China
China, Russia, United States
Russia, Brazil, Canada
3
What country is ranked number one on the most corrupt countries list?
North Korea
Sudan
Somalia
Afghanistan
4
The loss of the best and brightest people to other countries
Mixed economies
Lack of Ideas
Communism
Brian Drain
5
Which is not a benefit of socialism?
free healthcare
free child care
more hours
benefits through college
6
A degree of competition in which just a few sellers dominate the market
Monopoly
Socialism
Brain drain
Oligopoly
7
Contracting with other companies to do some of the functions of a firm, like its production
Services
Stakeholders
Risk
Outsourcing
8
A general rise in the prices of goods and services over time
Recession
Stagflation
Inflation
Core inflation
9
What is not apart of a free market?
Right to own business and keep profits
Right to have slaves
Freedom of choice
Right to own property
10
What are the five factors of production?
Capital, labor, knowledge, risk, business environment
Land, labor, technology, capital, profit
Land, Labor, Capital, Entrepreneurship, Knowledge
Profit, entrepreneurship, knowledge, labor, media
11
A combination of freer markets and some government control
State capitalism
Oligopoly
Monopoly
Capitalism
12
What is the definition of Tariff
A ban on specific exports
A tax imposed on imports
A tax placed on exports
13
The sum of government deficits over time
Recession
National Debt
Mixed economies
Monetary policy
14
The periodic rises and falls that occur in economies over time
Core inflation
Monetary policy
Business Cycle
Fiscal policy