Unit Test — Unit test Answers

What is the economic outlook for occupations in the healthcare sector?

Which of the following statements most accurately describes the federal government and its employees?

Which of these is a banking activity of the Fed?

Which of these is most likely the US government’s aim in taxing imported goods?

Federal Reserve interest federal fundsloan interest

Spending that is required by law is known as

proportionallyprogressivelyregressively

What is a main reason why entrepreneurs experience daily stress?

goalproblemloss

Which best describes a central bank's primary role?

What gives the US government the power to collect taxes?

An entrepreneur conducted many experiments in a project without success. What characteristic must this person have to succeed?

A graph shows the U S Government and Expenditures from 1980 to 2010. The money spent and money received generally follow the same trend, but around 2008, the amount of money spent increased and money received decreased.

If union contracts raise wages above competitive levels, what might be one negative outcome?

A purpose of government regulation in a mixed-market economy is to protect

The main advantage that corporations have is

Which is a function of regulatory agencies?

A sales tax is a type of

A graph titled Total U S Government Spending as Percentage of G D P from 1990-2012 has year on the x-axis and percentage of G D P on the y-axis, from 15 to 30 percent in increments of 5. The percentage of G D P is lowest at 18 percent in 2001 and highest at 25 percent in 2009.

A flow chart shows an aspect of fiscal policy. Money goes from the government, to household, and to firms.