Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Unit 6 Test Draw a circle around the letter of the correct answer. 1. When jobs are easy to find, sales are good, and almost

image text in transcribed
Unit 6 Test Draw a circle around the letter of the correct answer. 1. When jobs are easy to find, sales are good, and almost everyone seems to have money, we say the business cycle is in the stage called a. expansion b. recession c. the peak 2. When the economy is getting worse rather than better, we say the business cycle is in the stage called a. expansion b. recession c. the trough 3. The main cause of the business cycle is a. unemployed people b. people and how they c. inflation spend their money 4. A measure of how fast prices are increasing or decreasing is the a. Gross National b. Consumer Price Index c. Deflation Indicator Product 5. A country with more GNP for each person to share than another country has a higher " a. rate of inflation b. CPI c. standard of living 6. One thing that is not a cause of economic growth is a. waste b. wise use of factors c. increase in resources of production 7. The more economic growth we have, the faster we a. give everyone a b. use up the earth's c. solve people's problems better life resources 8. Equal opportunity means that everyone has the right to a. an equal share b. compete fairly c. discriminate against of the GNP other people 9. An example of discrimination that is legal is a. making people take b. keeping people who c. giving certain jobs driver's license tests practice a particular to men only religion from going to school 10. Price supports did not solve the farm problem because the program a. paid farmers to keep b. raised the prices people c. did not help producing crops had to pay for food farmers make a profit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Econometrics With Economic Applications

Authors: Dennis Halcoussis

1st Edition

0030348064, 9780030348068

More Books

Students also viewed these Economics questions