Workplace Types and the Economy Answers

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1
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In order for the economy to be strong, businesses must _____.

A
produce goods and pay workers
B
provide labor and pay workers
C
produce goods and buy goods
D
provide labor and buy goods
2
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When interests rates are high, it costs less money to borrow money.

A
T
B
F
3

Select the word that best fits the definition: Economic activity characterized by fluctuating levels of growth and decline

A
job security
B
interest rate
C
economy
D
business cycle
4

In order for the economy to be strong, individuals must _____.

A
produce goods and pay workers
B
provide labor and pay workers
C
produce goods and buy goods
D
provide labor and buy goods
5

Select the word that best fits the definition: The way goods and services are produced, distributed, and consumed in a society.

A
job security
B
interest rate
C
economy
D
business cycle
6

_____ are different, even within the same job.

A
Occupations
B
Workplaces
C
Careers
D
Interest rates
7

As the demand for goods and services decreases, job growth _____.

A
increases
B
decreases
C
remains the same
D
none of the above
8

The military is a formal workplace in which workers _____.

A
choose what they want to do each day
B
have to follow a set schedule
C
are more relaxed with their bosses
D
are able to dress casually
9

Every workplace is different.

A
T
B
F
10

The business cycle can be affected by major events, like the terrorist attack on the World Trade Center on September 11, 2001.

A
T
B
F
11

If you know you are at risk of becoming unemployed, you should _____.

A
wait until you officially lose the job to worry
B
get additional education to learn new skills
C
spend all your money while you are still making it
D
ignore the economy, because it is always changing
12

You would most likely find _____ in an informal workplace.

A
strict rules
B
uniforms
C
flexible hours
D
a serious environment
13

You would most likely find _____ in a formal workplace.

A
flexible hours
B
casual dress
C
a relaxed environment
D
strict rules
14

As the demand for goods and services increases, job growth _____.

A
increases
B
decreases
C
remains the same
D
none of the above

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