Business 100

QUESTION 6 Which of the following best describes the consumer price index? the average wage rate for a given region an index that measures the economic performance of key consumer products companies monthly statistics that provide a measure of the pace of inflation or deflation, based upon prices of typical products purchased by consumers living in urban areas the joblessness of people looking for work QUESTION 7 What are profits? total money taken in by a corporation fference between revenues (the amount a business earns and expenses (the amount business spends for salaries and expenses) increases in income from year to year increases in a corporation's stock price QUESTION 8 Which of the following statements best captures the notion of private enterprise? Individuals pursue their own interests with minimal government restriction. Certain business activities remain "private. Businesses can do anything they want, free of legal restraints. Small businesses will do better than big businesses in the long run