Cumulative Exam — Cumulative exam Answers

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Which of the following is influenced by personal economic choices? Choose four answers.the cost of your rent and utilitiesthe resources you have availablethe amount of money you spend on a bus passthe money you decide to spend on leisure productsthe amount of money you put into your savings accountthe manner in which you balance your time between work and leisure

A
the cost of your rent and utilities
B
the resources you have available
C
the amount of money you spend on a bus pass
D
the money you decide to spend on leisure products
E
the amount of money you put into your savings account
F
the manner in which you balance your time between work and leisure
22
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What type of school does the term “higher education” refer to?

A
elementary schools
B
middle schools
C
high schools
D
graduate schools
23

In a republic, elected officials create laws to regulate the economy.

A
T
B
F
24

The concept of the Great Society was created by which president?

A
Roosevelt
B
Truman
C
Johnson
D
Carter
25

What are the factors of production in business?

A
land, labor, and capital
B
land, capital, and interest
C
land, labor, and customer base
D
capital, customer base, and interest

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