Question Master The activities needed to operate a business can be divided into a number of
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Course
Solution
Institution
Solution
· Question 1
1 out of 1 points
The activities
needed to operate
a business can be
divided into a
number of _____.
Answer
· Question 2
1 out of 1 points
The
unemployment
rate measures the
number of
unemployed
people who _____
seeking work.
Answer
Answer
Selected Answer:
CPI
Co...
question master the activities needed to operate a business can be divided into a number of
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• Question 1
1 out of 1 points
The activities
needed to operate
a business can be
divided into a
number of _____.
Answer
Selected Answer:
functional areas
Correct Answer:
functional areas
• Question 2
1 out of 1 points
The
unemployment
rate measures the
number of
unemployed
people who _____
seeking work.
Answer
Selected Answer:
are actively
Correct Answer:
are actively
• Question 3
1 out of 1 points
To assess whether
inflation is going
up or going down,
economists look at
changes in (select
one):
Answer
, Selected Answer:
CPI
Correct Answer:
CPI
• Question 4
1 out of 1 points
One useful
indicator of the
outlook for future
jobs is the number
of new _____.
Answer
Selected Answer:
unemployment claims
Correct Answer:
unemployment claims
• Question 5
1 out of 1 points
Generally
speaking,
economic systems
can be divided
into _____ and
_____ systems.
Answer
Selected Answer:
planned / free market
Correct Answer:
planned / free market
• Question 6
1 out of 1 points
Generally
speaking, we find
products more
, attractive at higher
prices because we
believe that other
people find value
in them.
Answer
Selected Answer:
Correct Answer:
• Question 7
1 out of 1 points
If the quantity
demanded for cars
is lower than the
quantity supplied,
we can expect that
(select one)
Answer
Selected Answer:
the price of cars will decrease
Correct Answer:
the price of cars will decrease
• Question 8
1 out of 1 points
In marketing,
supply and
demand interact to
create a(n)
_____price—the
price at which
buyers are willing
to purchase the
amount that sellers
are willing to sell.
Answer
Selected Answer:
equilibrium
Correct Answer:
, equilibrium
• Question 9
1 out of 1 points
When we plot a
supply curve and a
demand curve for
apples on one
graph, the point at
which the two
points intersect is
the _____.
Answer
Selected Answer:
equilibrium price
Correct Answer:
equilibrium price
• Question 10
1 out of 1 points
The study of the
economic choices
made by
individual
consumers or
businesses is
called _____.
Answer
Selected Answer:
microeconomic
s
Correct Answer:
microeconomic
s
• Question 11
1 out of 1 points
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