Charitable Organizations — Unit test Answers

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Which characteristic of being an entrepreneur could be seen as both a benefit and a drawback?

job security.

personal fulfillment.

financial risk.

a flexible working environment.

A mixed-market economy is best defined as an economy

with some government intervention.

without government intervention.

with some externalities.

without corporate compliance.

What was the main effect of entrepreneurship in China?

Poverty noticeably declined.

Foreign investment declined.

New products were invented.

Product exports exceeded imports.

If expansionary taxation policies encourage growth, are they always appropriate to implement?

No, government services could encourage growth but other practices could be more effective based on the economic situation.

Yes, the private sector can easily and affordably replace all services and facilities cut by the government.

No, the government is capable of providing many but not all services individuals and businesses need.

Yes, the government will still ensure that individuals and businesses continue to receive all necessary services.

Monetarism plays a role in economic growth by

expanding government intervention.

influencing the supply of goods.

expanding government spending.

influencing the supply of money.

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