Answers: spreadshe et. MP3 file. PERT file. database. Question 24 1 out of 1 points The most important difference between for-profit businesses and nonprofit organizations is that: Selected Answer: nonprofit organizations do not seek a profit for its owners or organizers. Answers: businesses do not benefit society. nonprofit organizations seek to make a profit for its owners and organizers. nonprofit organizations do not seek a profit for its owners or organizers. nonprofit organizations do not file tax returns. Question 25 1 out of 1 points Household Appliances, Inc., has a manufacturing plant near Chicago. The company specializes in compact washers and dryers for countries where consumers have less living space. Household Appliances participates in the global market through: Selected Answer: exporting. Answers: importing. dumping. exporting.
balancing trade. Question 26 1 out of 1 points ___________ is the use of government regulations to limit the import of goods and services. Selected Answer: Trade protectionism Answers: Trade protectionism Fiscal policy Countertrade policy Monetary policy Question 27 1 out of 1 points The Internet and the emergence of an information-based economy are important parts of the ___________ environment in which businesses operate. Selected Answer: technological Answers: economic and legal technological competitive global Question 28 1 out of 1 points According to the invisible hand concept, the best way for a society to encourage the creation of jobs and the production of the products most wanted by consumers would be to: Selected Answer: allow entrepreneurs personal freedom to follow their own self-interest.
Answers: permit government owned industries, such as telecommunications, transportation, and energy, and operate these firms as nonprofit organizations. allow private ownership of businesses, but make use of extensive regulation to force businesses to behave in a socially desirable way. allow entrepreneurs personal freedom to follow their own self-interest. impose high taxes on individuals, and use the revenue to subsidize businesses to encourage them to produce the maximum rate of output. Question 29 1 out of 1 points The _____________ is the total value of a nation's exports compared to its imports measured over a specific period of time. Selected Answer: balance of trade Answers: balance of payments balance of trade surplus balance of trade deficit balance of trade Question 30 1 out of 1 points __________ is the market situation in which there are many sellers in a market and no seller is large enough to dictate the price of a product. Selected Answer: Perfect competition Answers: Oligopoly Monopolistic competition Perfect competition Microeconomic competition
Question 31 1 out of 1 points The U.S. government has announced a 5-million-pound annual limit on beef imported from Argentina. This type of trade restriction is called a(n): Selected Answer: import quota.
Want to read all 20 pages?
You've reached the end of your free preview.
Want to read all 20 pages?
- Summer '19
- International Trade