AnswersIL-EconomicsTrade Agreements

Trade Agreements — Cumulative exam Answers

25 verified answers4 views
41
Free Preview

Which statement best describes the body paragraphs of an argumentative essay?

A
The body paragraphs acquaint readers with the topic and set up the ideas that will be presented.
B
The body paragraphs establish the focus of the essay and tell readers what the writer’s position will be.
C
The body paragraphs tie the essay together and tell readers what they have learned and should take away.
D
The body paragraphs flesh out the argument and include counterclaims and evidence from research.
42
Free Preview

What is one difference between a vocational school and on-the-job training?

A
A vocational school degree takes one year to earn. On-the-job training takes two or more years.
B
A vocational school degree takes weeks or months to earn. On-the-job training takes two years or fewer.
C
A vocational school is usually paid for by the worker. On-the-job training is usually paid for by the employer.
D
A vocational school is usually paid for by the employer. On-the-job training is usually paid for by the worker.
43

How do consumers’ feelings about the economy help contribute to growth?

A
Positive consumer attitudes influence spending habits.
B
Positive consumer attitudes increase job prospects.
C
Positive consumer attitudes inspire increased production.
D
Positive consumer attitudes can end a depression.
44

What advantages does money have over bartered goods? Check all that apply.Money is easy to earn, and bartering takes a lot of work.Money has a set value, and bartered goods do not.Money is more portable than bartered goods.Money is always worth more than bartered goods.Money allows people to easily store value they earn.

A
Money is easy to earn, and bartering takes a lot of work.
B
Money has a set value, and bartered goods do not.
C
Money is more portable than bartered goods.
D
Money is always worth more than bartered goods.
E
Money allows people to easily store value they earn.
45

Why is compound interest preferable to simple interest when investing?

A
Compound interest pays at least double the interest on the principal during each month.
B
Compound interest is paid by the week or by the month, not only once during a year.
C
Compound interest is based on the entire principal, not just a percentage of the principal.
D
Compound interest pays interest both on the principal and the interest earned in each period.
46

The diagram shows different types of policies.

Question illustration
A
The Best Economic Policies
B
Government Economic Policies
C
Ineffective Economic Policies
D
The Free Enterprise System
47

An exchange rate table makes it easy to compare the

A
different currency denominations used by a single country.
B
cost to produce the currency used by a single country.
C
value of the currencies for two or more countries.
D
unemployment rates for two or more countries.
48

Which of the following would be considered a nonrenewable resource?

A
sun
B
wind
C
lumber
D
petroleum
49

In the circular flow model, factors of production flow to firms. Which of the following are the primary factors of production? Check all that apply.laborcapitalgoodslandservices

A
labor
B
capital
C
goods
D
land
E
services

Did you find these answers helpful?

More from this Course

Quiz
20 verified answers

Trade Agreements

Quiz
19 verified answers

6.5 Trade Agreements

Quiz
18 verified answers

Economic Development