Unit Test — Unit test Answers

Which of these are goals of an expansionary policy? Check all that apply.increased available creditdecreased available creditincreased money supplyincreased inflationincreased interest ratesdecreased interest rates

Which statement explains a way how the Securities and Exchange Commission upholds fair business practices?

Expansionary spending takes place when a government makes the decision to

most likely

The development of many new businesses helps limit

The EPA tries to balance protecting business interests with protecting

To be successful, what must an entrepreneur be willing to invest? Check all that apply.moneyunemploymentpersonal safetytimeconsiderable effort

Occupational Safety and Health AdministrationEnvironmental Protection AgencyFood and Drug AdministrationSecurities and Exchange Commission

Which best describes a difference between the views of Milton Friedman and John Maynard Keynes on the economy?

Which describes an example of the economic system known as free enterprise?

On which of these are individuals required to pay income taxes in the United States? Check all that apply.wagestipsgasolinestore purchasesinvestment earnings

What circumstances during the early days of industrialization led to a need for reform? Check all that apply.Factory equipment was dangerous to operate.There were too few capable workers to fill positions.There was little government regulation of workplaces.A typical work shift might be twelve to sixteen hours long.It was very expensive to keep factories running.

Successful entrepreneurs contribute to the economy by

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Many classical economists such as Adam Smith believed that government should