Bus 100 Chapter 3 And 4

Topics: Economics, Monetary policy, Business Pages: 7 (713 words) Published: March 14, 2015
 Question 1
3 out of 3 points

The Federal Reserve is the _____ of the United States.
Answer

Selected Answer:
  
central bank
Correct Answer:
  
central bank

 Question 2
3 out of 3 points

In the broadest sense, economics studies the choices that
Answer

Selected Answer:
  
people, governments, and companies make in allocating resources. Correct Answer:
  
people, governments, and companies make in allocating resources.

 Question 3
3 out of 3 points

_____ is a period of robust economic growth and high employment indicating that businesses are capitalizing on new market opportunities. Answer

Selected Answer:
  
Expansion
Correct Answer:
  
Expansion

 Question 4
3 out of 3 points

_____ is the process of converting government-owned businesses to private ownership. Answer

Selected Answer:
  
Privatization
Correct Answer:
  
Privatization

 Question 5
3 out of 3 points

An economic system is a structure for
Answer

Selected Answer:
  
allocating limited resources.
Correct Answer:
  
allocating limited resources.

 Question 6
3 out of 3 points

In the business cycle, a period in which GDP declines for at least two consecutive quarters is known as a(n) Answer

Selected Answer:
  
recession.
Correct Answer:
  
recession.

 Question 7
3 out of 3 points

_____ refers to government efforts to influence the economy through taxation and spending decisions designed to encourage growth, boost employment, and curb inflation. Answer

Selected Answer:
  
Fiscal policy
Correct Answer:
  
Fiscal policy

 Question 8
3 out of 3 points

Changes in the PPI can predict changes in the Consumer Price Index (CPI) because Answer

Selected Answer:
  
producers often pass along price increases to consumers.
Correct Answer:
  
producers often pass along price increases to consumers.

 Question 9
3 out of 3 points

The economy, as a system, represents the
Answer

Selected Answer:
  
flow of resources from production through consumption.
Correct Answer:
  
flow of resources from production through consumption.

 Question 10
3 out of 3 points

In _____, many firms compete by selling differentiated products. Answer

Selected Answer:
  
monopolistic competition
Correct Answer:
  
monopolistic competition

 Question 1
3 out of 3 points

The primary reason many people become entrepreneurs is to
Answer

Selected Answer:
  
make more money.
Correct Answer:
  
make more money.

 Question 2
3 out of 3 points

The top five venture capitalist deals of 2010 were in the _____ sector. Answer

Selected Answer:
  
clean tech
Correct Answer:
  
clean tech

 Question 3
3 out of 3 points

_____  are people willing to take the risk of starting, owning, and operating a business. Answer

Selected Answer:
  
Entrepreneurs
Correct Answer:
  
Entrepreneurs

 Question 4
0 out of 3 points

A recent survey claims that half of all start-ups are funded _____, even though this source can result in very high financing costs. Answer

Selected Answer:
  
with Small Business Administration microloans
Correct Answer:
  
with credit cards

 Question 5
3 out of 3 points

_____ would be most likely to help you develop a business plan. Answer

Selected Answer:
  
The Small Business Administration
Correct Answer:
  
The Small Business Administration

 Question 6
0 out of 3 points

When it comes to learning more about starting and running a small business, Answer

Selected Answer:
  
the best approach is to get hands-on experience by working at least seven...
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