AnswersKISD SS-3391B-Algebra II Honors B Exam OnlyCumulative Exam

Cumulative Exam — Cumulative exam Answers

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Embargoes, quotas, and standards are tools that countries use

A
to reduce exports.
B
to punish other countries.
C
to restrict imports.
D
to raise prices of domestic goods.
42
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Which are indicators that economists use to measure how an economy grows? Select two options.monitoring election resultsmeasuring how much the economy producesmonitoring the popularity of different music groupsstudying the economy of another countrytracking the unemployment rate

A
monitoring election results
B
measuring how much the economy produces
C
monitoring the popularity of different music groups
D
studying the economy of another country
E
tracking the unemployment rate
43

Which organization created a shared economy?

A
European Union
B
World Trade Organization
C
North American Free Trade Agreements
D
Association of Southeast Asian Nations
44

Aggregate supply is best described as the

A
total output of all products and services.
B
point of equilibrium.
C
nation’s real gross national product.
D
excess supply in the market.
45

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
46

The chart shows the marginal cost of producing apple pies.This chart demonstrates that the marginal cost

Question illustration
A
initially decreases as production increases.
B
initially increases as production increases.
C
eventually decreases as production increases.
D
eventually increases as production decreases.
47

What are the two steps a producer can take to gain an absolute advantage?Produce more goods.Use high-quality resources.Produce more expensive goods.Use fewer resources.Produce high-quality goods.Use local resources.

A
Produce more goods.
B
Use high-quality resources.
C
Produce more expensive goods.
D
Use fewer resources.
E
Produce high-quality goods.
F
Use local resources.
48

When entrepreneurs develop new products, other companies also experience growth because they

A
immediately copy the successful product.
B
create many companion products.
C
try to develop their own products.
D
attempt to improve the product.
49

What new laws did the New York Factory Investigating Commission request? Check all that apply.no factory workers under age tenuse of central air-conditioning systemsa minimum wage for all workersincreased sanitation standardsfire alarms and sprinkler systems

A
no factory workers under age ten
B
use of central air-conditioning systems
C
a minimum wage for all workers
D
increased sanitation standards
E
fire alarms and sprinkler systems
50

What is the best definition of profit?

A
Profit is the possible income from producing an additional item.
B
Profit is the price of producing one additional unit of a good.
C
Profit is the additional income gained from selling an additional good.
D
Profit is the financial gain from business activity minus expenses.

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