4. The bellef that central planning is needed to protect the Interest of all the people is called (INCORRECT!) O a. Capitalism O b. Communism O c. Sodalism O d. None of the above 6. The federal government's role In the U. S. economy Includes (INCORRECT!) O a. Protecting of free competition O b. Providing public goods and services. c. Helping deal with economic problems by regulating the money supply O d. All of the above 7. Factors that can Influence the level of supply Include (INCORRECT!) a. Production cost O b. New producers in the market c. Changes In technology O d. All of the above 9. Which of the following factors does NOT Influence wages? (INCORRECT!) a. Competition among employers O b. Employers' profits and prices for finished products O c. The face value of the money used to pay them O d. Workers' education and training 10. Which of the following statements about business entities In the United States Is false? (INCORRECT!) O a. Less than $6 of every $100 in sales is made by corporations. O b. Only about one in ten of all businesses In the U.S. are partnerships. O c. Seven of every ten businesses In the U.S. are sole proprietorships. O d. The biggest businesses In the U.S. are corporations. 15. Rank the following U.S. job categories In order of earnings from highest to lowest (INCORRECT!) O a. Executives and managers, professionals, skilled blue-collar workers, service workers O b. Professionals, executives and managers, skilled blue-collar workers, white-collar workers O c. Professionals, white-collar workers, semi-skilled blue collar workers, agricultural workers O d. Service workers, skilled blue-collar workers, semi-skilled blue collar workers, agricultural workers 21. Another way to describe simple Interest Is (INCORRECT!) O a. The amount of money deposited. O b. The amount of money you earn on the money you deposit. O c. Interest that is paid on Interest. O d. None of the above 22. The length of time for a bankruptcy to stay on your credit report Is (INCORRECT!) O a. Seven years O b. Ten years O c. Fifteen years O d. None of the above