1.Suppose that people in your community voted to eliminate all local taxes. Which of these goods and services would most likely disappear?
OPTIONS:
A-Interstate highway.
B-Neighborhood trash pick-up
C-Regional military base
D-Grocery store parking lots
C- Regional military base
What is the best definition of the term recession?
A- a time when net imports are greater than net exports
B- a period of decline in overall income and employment
C- a time when GDP per capita rises overall
D- a period of heightened government spending
B- a period of decline in overall income and employment
A lighting technician’s work on a movie shoot ends in a week. What type of unemployment will she experience at that time?
frictional
structural
casual
cyclica
frictional
Which is an example of a lending investment?
A- stocks
B- bonds
C- money market
D- cash
B- bonds
Which of the following happens to stock when a company’s profits fall?
A- Shareholders get stock insurance payments.
B- Shareholders’ stock loses value.
C- Shareholders are given more stock.
D- Shareholders cash in their interest.
B- Shareholders’ stock loses value.
Which of the following describes a market in which there are few competitors?
A- oligopoly
B- monopoly
C- cash equivalent
D- stock market