Cumulative Exam — Cumulative exam Answers

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Naomi is planning to get a job after graduating from college. Which explains why she should establish a positive credit history?

A
She will appear more responsible to future employers.
B
She will be able to do the job better.
C
She will be able to complete her job search application better.
D
She will get an increase in the interest rate on her student loans.
44

An effective claim in an argumentative essay

A
tends to be nonspecific and undefined.
B
is an idea that anyone would support.
C
establishes a focus for the reader.
D
offers a very passionate viewpoint.
45

Economists use changes in GDP to measure

A
the balance of trade with other countries.
B
any economic growth or shrinkage.
C
the causes of unemployment.
D
the distances between cities.
46

What role do special government agencies play in protecting buyers? Check all that apply.They create regulations to ensure safe products.They promote certain products for companies.They dictate marketing strategies to companies.They help consumers determine marginal cost.They provide information about products.They collect customer fraud complaints.

A
They create regulations to ensure safe products.
B
They promote certain products for companies.
C
They dictate marketing strategies to companies.
D
They help consumers determine marginal cost.
E
They provide information about products.
F
They collect customer fraud complaints.
47

What is one example of a closed economy?

A
a barter system that does not rely on money or other currency
B
a restricted system that blocks trade with international partners
C
a trade-based system that encourages the flow of goods and services
D
an old-fashioned system that preserves traditional choices and customs
48

A commodity in which someone invests might include a

A
mutual fund.
B
natural resource.
C
thriving company.
D
certificate of deposit.
50

What do the indicators used by economists reveal?

A
changes in production and demand
B
changes in employment levels
C
changes in prices
D
changes in the health of an economy

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