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Results Chapter 1 Test Name: Robert Brown Attempt: 1 / 1 Out of: 100 Started: June 30, 2007 12:56pm Finished: June 30, 2007 2:40pm Time spent: 1 hr, 44 min., 13 sec. Student finished 15 min. 47 sec. ahead of the 120 min. time limit. Question 1 (2 points) As computers and word processors gained popularity, the __________ typewriters decreased along with the price. Student response: Percent Value Correct Response Student Response Answer Choices 100.0% a. demand for 0.0% b. productivity of 0.0% c. monopoly associated with 0.0% d. equilibrium of 0.0% e. supply of Score: 2 / 2 Question 2 (2 points) In order for the U.S. government to provide services, it collects revenue from Student response: Percent Value Correct Response Student Response Answer Choices 0.0% a. selling bonds to foreign governments. 0.0% b. corporations only in the form of income taxes. 0.0% c. selling manufactured goods overseas. 100.0% d. both households and businesses in various forms of taxes. 0.0% e. individuals only in the form of income taxes. Score: 2 / 2 Question 3 (2 points) A business provides goods and services in exchange for sales revenues. Student response: Percent Value Correct Response Student Response Answer Choices 100.0% a. T 0.0% b. F Score: 2 / 2 Question 4 (2 points) The government uses taxes to purchase resources and products required to provide services. Student response: Percent Value Correct Response Student Response Answer Choices 100.0% a. T 0.0% b. F Score: 2 / 2 Question 5 (2 points) Monetary policies exert the government's influence on the amount of savings and expenditures by altering the tax structure and changing the levels of government spending. Student response: Percent Value Correct Response Student Response Answer Choices 0.0% a. T 100.0% b. F Score: 2 / 2 Question 6 (2 points) Tim Garner owns and operates his own small automobile repair shop. However, the prices he can charge are fixed, and he rents his land and building from the government. Most of his friends work for industries owned by the government. Tim's country is most likely a(n) __________ economy. Student response: Percent Value Correct Response Student Response Answer Choices 0.0% a. capitalist 0.0% b. communist 100.0% c. socialist 0.0% d. industrialized 0.0% e. market Score: 0 / 2 Question 7 (2 points) Researchers just released the results of a study that shows that eating fish at least four times a week dramatically decreases adults' risk of heart disease. What will likely result from this new information? Student response: Percent Value Correct Response Student Response Answer Choices 0.0% a. The demand for fish will ... View Full Document

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