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When it goes on sale for $1,600, Mikah buys a new plasma television that is valued at $1,800. He takes $300 from his savings account to use as a down payment and finances the rest. Choose the true statement. a. Mikah’s assets increased by $1,300. b. Mikah’s assets increased by $1,500. c. Mikah’s assets increased by $1,600. d. Mikah’s assets increased by $1,800.

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Many cities in southeast Michigan are struggling with financial problems due to current economic conditions. At the same time, southeast Michigan is having one of the worst winters on record for snowfall amounts and hazardous road conditions. Which of the following unresolved problems would be a direct result of these two factors? a. city workers working longer hours to keep up with the snowfall amounts b. more city workers than the current financial budget can afford c. less city workers to plow the streets causing an increase in the number of car accidents during the winter months

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Suppose that Eric, an economist from a business school in Georgia, and Ginny, an economist from a public television program, are arguing over saving incentives. The following dialogue shows an excerpt from their debate: Ginny: I think it’s safe to say that, in general, the savings rate of households in today’s economy is much lower than it really needs to be to sustain the improvement of living standards. Eric: I think a switch from the income tax to a consumption tax would bring growth in living standards. Ginny: You really think households would change their saving behavior enough in response to this to make a difference? Because I don’t. The disagreement between these economists is most likely due to _____ . A. Difference in values B. Difference in scientific judgements C. Difference in perception versus reality Despite their differences, with which proposition are two economists chosen at random most likely to agree? A. Employers should not be restricted from outsourcing work to foreign nations. B. Central banks should focus more on maintaining low unemployment than on maintaining low inflation. C. Business managers can raise profit more easily by reducing costs than by raising revenue.

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Voluntary exchanges happen when both parties expect to _____. gain lose barter

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Consumers demand more shoes than sellers are willing to supply, at the given price. This means that there is a(n) _____ of shoes. surplus shortage equilibrium

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Assume the market for spiral bound notebooks is in equilibrium. All students in public schools need notebooks of some type when they attend classes. For each of the following, explain the possible effects on demand and/or supply and equilibrium price and quantity of spiral bound notebooks using a correctly labeled supply and demand graph with equilibrium price and quantity labeled. Under your hand-drawn graph, list the determinant of supply and/or demand that causes each shift as well as the change in price and quantity. a) The price of natural gas, a resource used by manufacturers throughout the United States, doubles. b) The government provides a subsidy for notebook manufacturers. c) Your income increases and spiral bound notebooks are an inferior good.

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A token economy incorporates _____ to modify behaviors by reinforcing desired behaviors with tokens that can be exchanged for various treats.

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Which of the following actions would the Federal Reserve most likely take to rein in spiraling inflation? Generate more money Increase reserve requirement Lower the discount rate Buy of government securities ——————————————————————————– Question 2 (Multiple Choice Worth 5 points) [04.04MC] Which of the following actions would the Federal Reserve most likely take during an economic recession? Increase reserve requirement Raise interest rates Lower discount rate Sell government secur

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Labor unions can use the power of collective bargaining to negotiate, meaning that they will _____. a. Set fires to factories to get their way b. Pay new workers not to take their jobs c. Use numbers to assert their power to strike d. Ask all workers to work really slowly

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How many government agencies does the United Kingdom have to oversee the financial industry?

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Costa Rica is a top exporter of coffee. The highest quality coffee is sold abroad, and the lower quality coffee is consumed by native Costa Ricans. Which of the following statements best describes the economic questions this paragraph addresses? For whom to produce? and What to produce? For whom to produce? and When to produce? How to produce? and For whom to produce? What to produce? and How to produce?

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Costa Rica is a top exporter of coffee. The highest quality coffee is sold abroad, and the lower quality coffee is consumed by native Costa Ricans. Which of the following statements best describes the economic questions this paragraph addresses? For whom to produce? and What to produce? For whom to produce? and When to produce? How to produce? and For whom to produce? What to produce? and How to produce?

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Dogs with long hair become popular. Jobs in pet grooming will

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Please be sure….Thank you. :3 One of the core goals of successful businesses is to ______. A.decrease working capital B.provide a return for investors C.increase the operating ratio D.All of the above.

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What is a person’s taxable income? A. all personal exemptions and deductions B. gross income after subtracting exemptions and deductions C. the gross income received from salaries, wages, tips, and commissions D. all income withheld by an employer and sent to the federal government

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Medicare is a national health insurance program that _____. A. is funded by Social Security taxes B. only insures people who are under the age of 65 C. covers people over 65 and others with certain disabilities D. insures America’s poorest people

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True or false: A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less. True/false 5. True or false: Buying a single company’s stock usually provides a safer return than a stock mutual fund. True/false

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Homeowner property coverage covers _____ which provides protection for the contents of the home and other personal belongings owned by the individual or family members who resides at the home? A Dwelling B Other Structures C Personal Property D Loss of Use

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Total quality management theorizes that if workers are more responsible, they will ______. a. Increase overall quality b. Reduce overall quality c. Have no effect on overall quality d. None of the above

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Renting provides _________ flexibility but can lead to _________ costs in the long-term.greater; lowerBgreater; higherCless; lowerDless; higher

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The global economy _____. a. is a trend that is fading quickly b. has only positive effects for the United States c. has eliminated some jobs in the United States d. has little effect on today’s workers in the United States

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In order for a teen to have a successful business, they must to do all of the following EXCEPT _____. a. be prepared to work long hours b. make a profit with the business c. ignore customer satisfaction d. be able to promote the business

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If as a part of its business, a company routinely handles toxic materials, all employees who come into contact with the hazardous materials should _______. a. be allotted more vacation time than other employees b. be filing to collect worker?s compensation c. be trained to safely handle and dispose of the materials d. be able to file complaints to OSHA to close the business

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How did the completion of the Transcontinental Railroad affect companies that made products? A-Companies could hire people who worked in different states. B-Companies could build factories in the rural West. C-Companies could expand into the South. D-Companies could ship goods cheaply over long distances.

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Conflict management is dealing with conflict in either a _________________. a. confrontational, non-confrontational, or cooperative way b. non-confrontational, cooperative, or interpersonal way c. cooperative, aggressive, or assertive way d. confrontational, non-confrontational, or uncooperative way

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A _____ is a document that outlines specific information about your proposed business, including product, location, and marketing information. a. financial plan b. franchise agreement c. partnership contract d. business plan

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What information can you find in the Occupational Outlook Handbook (OOH)? the value of every company in the same business the company’s mission and goals, along with current salaries the job requirements, work environment, and salary range the listing of CEOs with addresses and phone numbers

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Choices are really about trading off the _____ value of one option against the alternatives.

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A medium-term goal takes _____ to accomplish. a. 1-2 months b. 1-2 years c. 1-5 years d. 5-10 years

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A company bought a piece of land. It can use this resource to build a factory or to plant crops. The company can also hold onto the land and try to resell it later for more money. The company decides to build a factory on the land. Any value given up from not choosing the other options is the _____.

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