AnswersIL-EconomicsUnit Test

Unit Test — Unit test Answers

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11

Read the excerpt from the body paragraph of an argumentative essay about entrepreneurs and free enterprise.In a free enterprise system, companies can become more successful by beating their competitors in service and pricing. Mary Kay Ash’s innovative business plan used her reduced costs and her loyal, home-based sales team to beat the competition at providing cosmetics to American women.Why is this excerpt an example of a strong argument?

A
It provides a citation as evidence to support the claim.
B
It states a counterclaim and demonstrates why it is incorrect.
C
It includes a clear topic sentence and provides effective support.
D
It is nonspecific so that readers can provide their own interpretations.
12

What is the best definition of automation?

A
the use of robotic equipment in a manufacturing process
B
the application of scientific knowledge to find answers and fix problems
C
the use of resources to manufacture goods more efficiently
D
the hiring of workers from all over the world to manufacture goods
13

Read this passage from a 2016 article by Mike Kubic about President Franklin D. Roosevelt (FDR) leading America out of the Great Depression.The start of World War II in 1939 rebooted the global economy, escalated demand for industrial goods, and ended the need for many of FDR’s emergency programs. But his key innovations are still important parts of our lives. The Social Security and other New Deal laws . . . still serve us. They continue to fulfill FDR’s assurance that our nation "will revive and will prosper.”

A
It provides analysis by someone not present during that time period.
B
It details information from government reports and statistics.
C
It includes multiple viewpoints to analyze a historical event.
D
It collects and maintains real-time and historical data.
14

How does the government of a republic typically shape its economy?

A
The government allows citizens to own private businesses.
B
The government blocks the ownership of personal property.
C
The government owns all homes and other forms of housing.
D
The government controls factories and other forms of production.
15

Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers? Select two answers.

A
High school athletes stop shopping there.
B
The inventory of sports socks goes unsold.
C
Sneaker sales were declining before the decision to sell dress shoes.
D
Dress shoes cost less for the store to buy from a supplier.
16

In a free-enterprise system, consumers decide

A
how to set prices.
B
which goods to export.
C
which services to buy.
D
how to use materials.
17

One consequence of automation is that producers need fewer

A
customers.
B
machines.
C
materials.
D
workers.
18

Which of the following is an example of a labor resource?

A
money available to be invested in a company
B
water held in a reservoir
C
a city’s population
D
electricity produced by a nearby power plant
19

What is an advantage of using a primary source document?

A
It can be constructed without context.
B
It offers multiple perspectives on a topic.
C
It establishes a record of a moment in time.
D
It provides interpretations about a specific topic.
20

Which individual is a producer?

A
a host who seats customers in a busy restaurant
B
a mother who demands quality produce for her family
C
a farmer who grows only what his family needs to survive
D
a student who builds a bookcase from bricks and boards

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