AnswersRAIL NCAA OC Economics 2027Business Structures

Business Structures — Unit test Answers

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21
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Labor unions were certain to advocate for the best interests of workers because

A
the government shut down factories that did not improve work conditions.
B
the top factories were run by owners who wanted to retain their workers.
C
the government required all labor unions to promote workplace reform.
D
the labor unions were created by workers and made up of workers.
22
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What circumstances during the early days of industrialization led to a need for reform? Check all that apply.

A
Factory equipment was dangerous to operate.
B
There were too few capable workers to fill positions.
C
There was little government regulation of workplaces.
D
A typical work shift might be twelve to sixteen hours long.
E
It was very expensive to keep factories running.
23

Which process helps countries import things they cannot make while allowing them to specialize in exports?

A
absolute advantage
B
isolation
C
competition
D
international trade
24

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
25

Which best describes why governments collect taxes?

A
to control the value of currency
B
to keep the government running
C
to ensure surplus funds
D
to fund government programs
26

Globalization is the process of

A
limiting exhange of goods and services.
B
connecting the world over time.
C
requiring or relying on something.
D
focusing on certain goods and services.
27

What happens when a bank is required to hold more money in reserve?

A
It has less money for loans.
B
It has less money for operations.
C
It has less money for interest payments.
D
It has less money for withdrawals.
28

Which statements best explain how globalization offers an advantage to businesses? Choose four answers.

A
Businesses can take advantage of favorable laws to make products cheaply.
B
Businesses can take advantage of favorable taxes to make products cheaply.
C
Businesses can take advantage of new forms of technology to make products cheaply.
D
Businesses can take advantage of new forms of democracy to make products cheaply.
E
Businesses can take advantage of faster technology to make products faster.
29

Expansionary spending takes place when a government makes the decision to

A
put a freeze on the number of its employees.
B
raise taxes to balance its budget.
C
raise taxes to run a budget surplus.
D
raise spending to stimulate the economy.
30

A factory owner might decide to manufacture shirts in Pakistan instead of the United States because

A
it is less expensive to make shirts there.
B
it is worth paying more for foreign labor.
C
workers in Pakistan are more skilled.
D
workers in Pakistan work fewer hours.

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