PROTECTED VIEW Be c 40. According to the box, "How a Food Truck Helped 43. When corruption is present in the business Rebuild a Storm-Struck Community," Mike Diamond of the Beastie Boys teamed up with friends and started a non- profit food truck. What happened after the storm cleared? A. They decided to keep the truck running and are helping the youth of the area to gain experience in food service by working on the truck. B. They continued to offer free lunches every day to the residents of Rockaway Beach. C. They shut down business and all went back to their other jobs D. They started six other Rockaway Plate trucks in Los Angeles, Seattle, Chicago, Miami Las Vegas, and New York environment: A company leaders can threaten competitors and minimize competition. B. factories are easier to build without a government B. producing goods and services using the least amount of resources C. the amount of output you generate given the amount of input C. it promotes fair competition. of resources. 44. High tax rates tend to 18. Technology affects people in: A. all industries. A, promote economic development. B. make a nation's currency tradable. C. discourage entrepreneurship. D. reduce the amount of money created by the government. agriculture D primarily high income countries. 41. Which of the following statements about factors of production is the most accurate? A. The five factors of production are energy, capital, labor 45. Questionable business practices such as those followed that sell goods to consumers over the by many mortgage-lending companies in the recent past A. encouraged investors to increase their stock market holdings. and money B. Wealth creation in poor nations is slowed by chronic C. Each of the factors of production is equally important in C. B2B transactions D. Y2K transactions. of labor. C. helped retired employees at the expense of current employees. D. resulted from too much government regulation 50. Which of the following is an advantage of utilizing A. Technology increases the cost of production. D. Management becomes isolated from the demands of in creating wealth. 46. The Internet and the emergence of an information-based B. Technology reduces the need for a marketing plan. C. Productivity economy are important parts of the environment in which businesses operate. A economic and legal B. technological C. competitive D. global 42. In countries where A there is less incentive to work hard B. the right amount of each good is produced. C. profits tend to be higher. D. the quality of goods is high but profits are low