Question 1

When did the U.S. government become more deeply involved in business than it had been previously?

Accepted Answer

A)   In the early 1920s
B)   After Franklin D . Roosevelt became president
C)   After the Vietnam War
D)   During the social responsibility movement during the 1960s
E)   After the Korean WarF) C) and D)
G) B) and D)

Question 2

The economic term used to describe the government's influence on savings and changing the levels of government spending is

Accepted Answer

A)   monetary policy.
B)   fiscal policy.
C)   debt policy.
D)   recovery technique.
E)   recovery guideline.F) A) and C)
G) A) and D)

Question 3

As the price of a product increases, the amount of the product that consumers purchase increases.

Accepted Answer

A) True 
 B)False

Question 4

The producer price index is an accurate predictor of

Accepted Answer

A)   future changes in the consumer price index.
B)   the level of unemployment.
C)   prime interest rates.
D)   Internet business activity.
E)   an individual's standard of living.F) B) and D)
G) A) and B)

Question 5

A market economy is sometimes referred to as a command economy.

Accepted Answer

A) True 
 B)False

Question 6

A legal monopoly is often referred to as a natural monopoly.

Accepted Answer

A) True 
 B)False

Exam 1: Exploring the World of Business and Economics

The producer price index is an accurate predictor of

Correct Answer
verified

A market economy is sometimes referred to as a command economy.

Correct Answer
verified

As the price of a product increases, the amount of the product that consumers purchase increases.

Correct Answer
verified

A legal monopoly is often referred to as a natural monopoly.

Correct Answer
verified

The economic term used to describe the government's influence on savings and changing the levels of government spending is

Correct Answer
verified

When did the U.S. government become more deeply involved in business than it had been previously?

Correct Answer
verified

Exam 1: Exploring the World of Business and Economics

The producer price index is an accurate predictor of

Correct AnswerverifiedShow Answer

A market economy is sometimes referred to as a command economy.

Correct AnswerverifiedShow Answer

As the price of a product increases, the amount of the product that consumers purchase increases.

Correct AnswerverifiedShow Answer

A legal monopoly is often referred to as a natural monopoly.

Correct AnswerverifiedShow Answer

The economic term used to describe the government's influence on savings and changing the levels of government spending is

Correct AnswerverifiedShow Answer

When did the U.S. government become more deeply involved in business than it had been previously?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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