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Quiz _1 - Spring 2010

Quiz _1 - Spring 2010 - Quiz#1 Student 1 In order to make...

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Quiz #1 Student: ___________________________________________________________________________ 1. In order to make an intelligent investment decision, entrepreneurs should: A. limit their options to those business investments that are backed by the U.S. government. B. invest in businesses that have generated a stable rate of profit for at least the past ten years. C. invest only in business opportunities where it is possible to take an active role in management. D. compare the risks of potential investments to their expected profits and find the right balance between profit and risk. 2. Nadine has started up a new printing business. The printers, computers, and copying machines she has leased are examples of: 3. The amount of goods and services people can buy with the money they have is called their: 4. ___________ means producing the desired result. 5. More efficient distribution systems around the world have led to: A. increased world trade. B. decreased world trade. C. decreased international competition. D. reduced standards of living around the world.
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6. The ___________ index is an important figure because some wages and salaries, rents and leases, tax brackets, government benefits, and interest rates are based on it. 7. Which of the following statements provides the most accurate comparison of socialism and communism? 8. Efforts by the Federal Reserve System to control the money supply and interest rates are known as: 9. One benefit of the rights and freedoms of capitalism is that: A. people feel safe and don't take any risks in business. B. people are willing to take more risks than they would otherwise. C. people don't have to choose where they will work. D. the prices of needed products are always very low.
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