Unit Test — Unit test Answers
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Which would most likely be included in a trade agreement between two countries if the goal is to reduce barriers?
A
a promise one country makes to never buy products from certain countriesB
a description of how certain products made in that country should be manufacturedC
a promise not to impose quotas or tariffs on goods and services from each otherD
a description of how certain products can be used by consumers in different countries22
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Review the chart.
A
People Spend LessB
Inflation DecreasesC
Money Supply DecreasesD
Businesses Create Jobs23
Read the quotation from Paul Allen, cofounder of Microsoft."In my experience, each failure contains the seeds of your next success—if you are willing to learn from it.”Which statement best explains how this quotation can be applied to entrepreneurship?
A
Entrepreneurs have a hard time learning from their failures.B
Entrepreneurs are successful because they avoid risk-taking.C
Entrepreneurs should not spend time thinking about their failures.D
Entrepreneurs face challenges that they figure out how to overcome.24
Review the photograph.
A
When mortgage interest rates go down, banks stop making loans.B
When mortgage interest rates go down, banks make more money.C
It’s easier for people to buy a new home when mortgage interest rates are down.D
It’s more difficult for people to buy a new home when mortgage interest rates are down.25
What quality is commonly found among entrepreneurs?
A
cautiousnessB
persistenceC
lack of imaginationD
fear of failureDid you find these answers helpful?
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