Workplace Types and the Economy Answers

In order for the economy to be strong, businesses must _____.a.produce goods and pay workersb.provide labor and pay workersc.produce goods and buy goodsd.provide labor and buy goods

If you know you are at risk of becoming unemployed, you should _____.a.wait until you officially lose the job to worryb.get additional education to learn new skillsc.spend all your money while you are still making itd.ignore the economy, because it is always changing

When interests rates are high, it costs less money to borrow money.

Select the word that best fits the definition: Economic activity characterized by fluctuating levels of growth and declinea.job securityb.interest ratec.economyd.business cycle

In order for the economy to be strong, individuals must _____.a.produce goods and pay workers b.provide labor and pay workers c.produce goods and buy goods d.provide labor and buy goods

Select the word that best fits the definition: The way goods and services are produced, distributed, and consumed in a society.a.job securityb.interest ratec.economyd.business cycle

You would most likely find _____ in an informal workplace.a.strict rulesb.uniformsc.flexible hoursd.a serious environment

_____ are different, even within the same job.a.Occupationsb.Workplacesc.Careersd.Interest rates

You would most likely find _____ in a formal workplace. a.flexible hoursb.casual dressc.a relaxed environmentd.strict rules

As the demand for goods and services decreases, job growth _____.a.increasesb.decreasesc.remains the samed.none of the above

The military is a formal workplace in which workers _____.a.choose what they want to do each dayb.have to follow a set schedulec.are more relaxed with their bossesd.are able to dress casually

As the demand for goods and services increases, job growth _____.a.increasesb.decreasesc.remains the samed.none of the above

Every workplace is different.

The business cycle can be affected by major events, like the terrorist attack on the World Trade Center on September 11, 2001.