Which of the following markets is most likely to be a monopoly? Selected Answer: Electricity supply Answers: Sports utility vehicles Airlines Agricultural commodities Electricity supply Lifestyle gadgets Question 46
1 out of 1 points Which of the following is associated with a decline in spending? Selected Answer: Economic contraction Answers: Inflation Employment boom Economic contraction Job expansion Economic expansion Question 47 1 out of 1 points Which of the following is an example of an intangible product? Selected Answer: A music concert Answers: A music concert A sports car Jewelry A movie DVD A sandwich Question 48 1 out of 1 points In the history of the American economy, the period following the Industrial Revolution was known for an increasing emphasis on: Selected Answer: manufacturi ng. Answers: services. artisanship.
information . manufacturi ng. agriculture. Question 49 1 out of 1 points Which of the following is true of a free market system? Selected Answer: In a free market system, all economic decisions are made without government intervention. Answers: In a free market, a government regulates business. It is also called modified capitalism. In a free market system, all economic decisions are made without government intervention. In a free market system, central government planning determines what goods and services satisfy citizens' needs. It is different from laissez fair capitalism. Question 50 1 out of 1 points Identify a true statement about a socialist system of economy. Selected Answer: Central planning determines what basic goods and services are produced. Answers: Central planning determines what basic goods and services are produced. All economic decisions are made without government intervention. Individuals own and operate the majority of businesses that provide goods and services. Consumers have a wide choice of goods and services. Competition, supply, and demand determine which goods and services are produced and how they are produced.
Question 51 1 out of 1 points Which of the following forms of business ownership provides limited liability but is taxed like a partnership? Selected Answer: A limited liability company Answers: A C corporation A general partnership A sole proprietorship A limited liability company A cooperative Question 52 1 out of 1 points Maria wants to start a new business in collaboration with her husband and brother-in-law. The features she is looking for in the business are as follows: least possible regulatory controls, faster decision making, and ease of organization. She also wants a business in which she will not be forced to pay off any business debts from her personal assets. Which type of business ownership will be best suited to her needs? Selected Answer: Limited partnership Answers: S corporation C corporation General partnership Sole proprietorship Limited partnership Question 53 1 out of 1 points Which of the following is an advantage that corporations provide as a form of business ownership?
Selected Answer: Corporations have access to external funding sources.
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- Fall '16
- carey winset
- Business, Government, Corporation