Business Structures — Unit test Answers

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Which of the following conditions is most indicative of recovery?

The economy has stopped shrinking.

The economy begins to peak.

The GDP continues to shrink.

The economy is growing again.

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In microeconomics, what occurs when equilibrium is reached?

Prices decline.

Prices increase.

Prices are set.

Prices fluctuate.

Which document determines the number of shares in a company?

a stock prospectus

an annual bill of rights

a corporate charter

an annual report

Which statement best describes why it is difficult to sell a home during a recession?

Mortgage rates are high.

Demand greatly decreases.

Mortgages become unavailable.

Housing prices increase.

How does demand-pull inflation differ from cost-push inflation?

Demand-pull inflation is driven by consumers, while cost-push inflation is driven by producers.

Demand-pull inflation is driven by producers, while cost-push inflation is driven by consumers.

Demand-pull inflation is driven by the private sector, while cost-push inflation is driven by the government.

Demand-pull inflation is driven by the government, while cost-push inflation is driven by the private sector.

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