Unit Test — Unit test Answers

An entrepreneur would most likely be a

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What is the economic outlook for occupations in the healthcare sector?

Read the graph.

Which occurred during the Great Depression? Check all that apply.

The graph shows an early economic theory known as the "invisible hand."

Milton Friedman led a new economic school of thought called

A line graph titled Number of Employed workers in nonfarm jobs, 2008 to 2013 shows years on the x axis from 2008 to 2009 and millions of employed workers on the y axis, from 105 to 117. Line starts at 116 on February 1, 2008, to 112 on November 1, 2008, to 107 on August 1, 2009.

Gino is writing a paper about the effects of fiscal policies on the economy. Gino is describing a fiscal policy that aims to improve inflation.How does the policy that Gino is describing most likely affect interest rates and unemployment?

A purpose of government regulation in a mixed-market economy is to protect

Which statements describe a free enterprise system? Check all that apply.

Rules ensuring that businesses offer safe products to consumers are part of a nation's

What was the status of US workplace safety laws in 1900?

The diagram shows the three-step process by which economic policy is created.

Which characteristic of being an entrepreneur could be seen as both a benefit and a drawback?

Which explains why government regulation is necessary in a mixed-market economy?

An entrepreneur must accept being accountable for the failure of the company because the entrepreneur is

Which best summarizes the philosophical difference between economists John Maynard Keynes and Adam Smith?

Milton Friedman argued that consumers are more likely to alter their behavior based on

A graph titled Total U S Government Spending as Percentage of G D P from 1990-2012 has year on the x-axis and percentage of G D P on the y-axis, from 15 to 30 percent in increments of 5. The percentage of G D P is lowest at 18 percent in 2001 and highest at 25 percent in 2009.