______ is the Gross National Product. Answer The value of crops produced annually The average stock price of major industries The total value of goods and services produced annually none of the above
Which of the following were reasons for wanting government control of the railroad and large production entities? economic gap between rich and poor low wages monopolies all of the above
Which of the following terms describes the giving up of a person suspected of a crime as part of an agreement between two or more sovereign powers? A. cartel B. extradition C. bicameral D. insurgency
Which term refers to an economic situation where the large amount of money in circulation creates continuous pressure to raise prices? A. equilibrium B. inflation C. surplus D. depression
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Which of the following statements about the Grameen Bank is false? A. About half of the borrowers are women. B. The bank has branches throughout rural areas in Bangladesh. C. The bank was the first institution to utilize the microcredit concept. D. Loans disbursed are typically under $100.
John wants to go back to school. After talking with his manager, John finds out that his company will help pay for his tuition. What is the benefit to the company for paying for his school? John will become the CEO of the company. John will leave and save the company money. John will be a more productive employee. John will be a less productive employee.
Companies from the United States have built many factories in Mexico near the border. Why have so many U.S. factories moved to Mexico? The mild temperatures speed production. Mexico is a source of cheaper labor. There is no room to build in the United States. The United States has a shortage of skilled laborers.
Which of the following statements about female illegal migrant workers is false? A. Their work is unregulated by the government. B. They lack access to legal protections. C. Their wages usually are higher than similar formal sector jobs in the same economy. D. Many workers are forced into harsh working conditions, abusive situations, or slavery.
rob quit a job working 20 hours per week at a subway sandwich shop to make sandwiches himself in his college dorm room that he sells to hungry students. if he had been paid $9 per hour at subway and now works the same 20 hours per week but sells his sandwiches for $300 a week and pays only $100 a week for supplies how much economic profit does he make?
Nations establish trade barriers against other nations for all of the following reasons except __________. A. to discourage citizens from buying imports B. to encourage domestic businesses to meet demand C. to protect domestic companies from international competition D. to create more free trade between countries
Which of the following is the best definition for a monopoly? A. An industry being split among several companies to allow for competition B. A whole industry being owned by one company C.The government controlling and making profit of an industry. D. A large city with a population over 100,000
