Unit Test — Unit test Answers
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Jim lost his job in a car assembly factory to a robot and his skills will no longer be needed. Which terms can be used to describe Jim? Select two options.cyclically unemployeddomestically unemployedfrictionally unemployedstructurally unemployedstill employedunemployed
A
cyclically unemployedB
domestically unemployedC
frictionally unemployedD
structurally unemployedE
still employedF
unemployed22
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Which term refers to the possibility of an investor losing some or all of an investment?
r
riskl
likelihoodp
probabilityc
chance23
Income reaches the highest level at the point of the business cycle.
Answer not available
24
This graph shows merchandise export data for the years 2010 through 2012.Which statement most accurately describes the information presented on the graph?
A
The United States exported more merchandise than any other nation.B
The United States exported more than $2 trillion worth of goods in 2012.C
China exported more goods than the United States from 2010 to 2012.D
China exported more than $2 trillion in goods for each year on the graph.25
What kind of money is a gold certificate considered to be?
A
commodityB
fiatC
representativeD
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