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What Restriction Would the Government Impose in a Closed Economy?
A. The government would prohibit trade with other nations. B. The government would set the prices for imported goods. C. The government would preserve traditional customs only. D. The government would prevent private ownership of property. Correct Answer: A. The government would prohibit trade ...
ViewWhich of the Following Will be Accomplished by Efficient Allocations of the Factors of Production?
A. Ensuring economic profitability. B. Understanding whether a product will fail. C. Fulfilling many needs and wants of society. D. Replenishment of limited resources. Correct Answer: C. Fulfilling many needs and wants of society. When resources are used wisely, it helps society get what it ...
ViewWhich of the Following Statements About Savings Accounts is False?
A. Savings accounts limit the number of withdrawls that can be made each month. B. Savings accounts don’t usually pay interest on the money you deposit. C. Savings accounts may require you to maintain a minimum balance to paying a fee. D. Savings accounts are best used to store money for ...
ViewA Factor That Most Directly Affects the Demand for Automobiles is:
A. The individual tastes and preferences of buyers. B. The cost of raw materials and natural resources. C. The availability of workers in automobile factories. D. A company's ability to respond to buyers' interest. Correct Answer: D. The individual tastes and preferences of buyers. The demand ...
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