Answers TX-Money Matters AUnit Test

Unit Test — Unit test Answers

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Which best describes a central bank's primary goals?

limiting inflation and reducing unemployment

reducing unemployment and maintaining cash flow

controlling stagflation and reducing unemployment

managing credit and ensuring the money supply's liquidity

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

weak to very poor

depends on the economy

will remain stable

will increase in demand over time

What role does competition play in international trade?

It results in higher prices.

It discourages imports.

It drives down prices for consumers.

It does away with the need for investment.

Cooperatives save members money by

purchasing supplies and services as a group.

securing financing from banks as a group.

charging more to sell their products as a group.

sharing all profits democratically as a group.

Analyze the chart, which depicts a typical corporate structure.

run the business by electing a board of directors, who then hire the company’s leaders.

run the business by electing a board of directors and hiring a president and other leaders.

make business decisions on the advice of a board of directors, a president, and other leaders.

make business decisions on the advice of a board of directors, who follow the expertise of leaders.

Entrepreneurs who want to open a franchise

buys the rights from the parent company and creates his or her own rules.

buy the rights from the parent company and invest in a location approved by the parent company.

invest in a location and create a business model for the franchise.

invest in a location and develop a trademark for the franchise.

Why do most countries both export and import goods?

to eliminate competition from other economies

to decrease the production of goods domestically

to rely entirely on foreign economies

to get a good mix of goods and services

Both newspaper journalists and postal workers have been negatively affected by

the popularity of electronic communication and the Internet.

declining literacy rates and lack of interest in reading.

government budget cuts that led to fewer jobs in these fields.

competition with cheaper labor performed by overseas workers.

What was the status of US workplace safety laws in 1900?

A few states had tried to pass safety laws, but they had no public support.

Most states had passed some safety laws, but enforcement varied.

Most states opposed safety laws, but workers began to demand them.

All states had safety laws, but no one bothered to enforce them.

Gino is writing a paper about the effects of fiscal policies on the economy. Gino is describing a fiscal policy that aims to improve inflation.How does the policy that Gino is describing most likely affect interest rates and unemployment?

The policy would most likely increase interest rates and unemployment.

The policy would most likely decrease interest rates and unemployment.

The policy would most likely increase unemployment but decrease interest rates.

The policy would most likely increase interest rates but decrease unemployment.

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Unit Test — Unit test Answers

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