Multiple Choice Questions

In the 1870s, __________ began to investigate factory conditions.
  • a corporate charter
  • Friedman said that monetary policy should be used to influence aggregate demand, while Keynes believed the best approach was fiscal policy.
  • Massachusetts
  • He felt it could lead to inflation and poor decisions by consumers.
A disadvantage of corporations is that shareholders have to pay _________ on profits
  • safety
  • are fully responsible for their partners' losses
  • taxes
  • the SEC
Which are examples of sole proprietorships? Check all that apply.law practicesmedical officesindependent workersfranchise restaurantstax preparersfreelance writers
  • responsible for organizing the business.
  • independent workerstax preparersfreelance writers
  • Tuition is the price of attending classes at a school.
  • investigating worker complaintsinspecting businesses
Besides the cost of an education, what additional expenses must students pay? Check all that apply.housingmealssuppliestextbookstuition
  • they learned from their mistakes.
  • how profits and losses are divided.
  • personal fulfillment.
  • housingmealssuppliestextbooks
How are Bill Gates and Henry Ford similar? Check all that apply.They both streamlined factory production.They both became wealthy and successful.They both helped better the lifestyles of others.They both developed products that filled a human need or needs.They both founded a company when they were very young.
  • His innovative production methods.
  • Massachusetts
  • monetary
  • They both became wealthy and successful.They both helped better the lifestyles of others.They both developed products that filled a human need or needs.
What circumstances during the early days of industrialization led to a need for reform? Check all that apply.Factory equipment was dangerous to operate.There were too few capable workers to fill positions.There was little government regulation of workplaces.A typical work shift might be twelve to sixteen hours long.It was very expensive to keep factories running
  • independent workerstax preparersfreelance writers
  • Factory equipment was dangerous to operate.There was little government regulation of workplaces.A typical work shift might be twelve to sixteen hours long.
  • that clever market strategies may still fail to sell a product
  • investigating worker complaintsinspecting businesses
Which statements correctly describe the FAFSA? Check all that apply.It can only be completed in person or through the mail.It requires students to provide their financial information.It gives students access to money from the government.It helps determine whether a student needs financial aid.It helps predict how much a student will make in the future.
  • Tuition is the price of attending classes at a school.
  • It requires students to provide their financial information.It gives students access to money from the government.It helps determine whether a student needs financial aid.
  • Factory equipment was dangerous to operate.There was little government regulation of workplaces.A typical work shift might be twelve to sixteen hours long.
  • independent workerstax preparersfreelance writers
Regulatory agencies such as the OCC and the FDIC add _________ to the banking system.
  • long-term changes in the economy.
  • Poverty noticeably declined.
  • safety
  • OSHA.
Classical economics played an important role in helping the United States establish ________________
  • property rights.
  • intervene little in the economy.
  • free enterprise
  • expanding markets.
According to Milton Friedman, __________ policy is the best way to influence the economy's aggregate demand.
  • the Fed and the FDIC
  • monetarism.
  • the labor unions were created by workers and made up of workers.
  • monetary
To reduce pollution, the _________ legislates and enforces regulations that protect the air, water, and land.
  • Environmental Protection Agency
  • they learned from their mistakes.
  • responsible for organizing the business.
  • housingmealssuppliestextbooks
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Multiple Choice Questions
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