A) there was too much domestic business competition.
B) there was too much competition from foreign firms.
C) enterprises resisted innovation in fear that their production targets would be raised.
D) exports had to equal imports for the plan to work.
Correct Answer
verified
Correct Answer
verified
A) competition in markets
B) freedom of choice and enterprise
C) self-interest and personal rewards
D) fear and avoidance of risk
Correct Answer
verified
Correct Answer
verified
A) who owns the factors of production and the methods used to coordinate economic activity
B) the technology used in production and the quantity and quality of natural resources
C) how goods are produced and who gets them
D) the political system in place and the degree of scarcity facing the economy
Correct Answer
verified
Correct Answer
verified
A) extensive use of direct or manual methods of production.
B) a focus on labor, as opposed to capital resources.
C) reliance on the use of capital goods in indirect modes of production.
D) avoidance of producing goods that do not satisfy consumer wants directly.
Correct Answer
verified
Correct Answer
verified
A) encourages innovation because government provides tax breaks and subsidies to those who develop new products or new productive techniques.
B) discourages innovation because it is difficult to acquire additional capital in the form of new machinery and equipment.
C) discourages innovation because firms want to get all the profits possible from existing machinery and equipment.
D) encourages innovation because successful innovators are rewarded with economic profits.
Correct Answer
verified
Correct Answer
verified
A) goods and services; consumption expenditures
B) consumption expenditures; goods and services
C) resources; money income
D) money income; resources
Correct Answer
verified
Correct Answer
verified
A) It is owned and managed by two or more people.
B) It is an independent legal entity on its own.
C) It is owned and managed by one person.
D) The owner bears no personal responsibility for the debts of the business.
Correct Answer
verified
Correct Answer
verified
A) Canada
B) Cuba
C) North Korea
D) Belarus
Correct Answer
verified
Correct Answer
verified
A) product; financial
B) resource; product
C) product; resource
D) capital; product
Correct Answer
verified
Correct Answer
verified
A) product; financial
B) resource; product
C) product; resource
D) capital; product
Correct Answer
verified
Correct Answer
verified
A) entrepreneurship.
B) striking workers.
C) regulation by the government.
D) money-based trade.
Correct Answer
verified
Correct Answer
verified
A) bring about a more equal distribution of income.
B) signal that resources should be reallocated.
C) eliminate small firms and reduce competition.
D) tell government which industries need to be subsidized.
Correct Answer
verified
Correct Answer
verified
A) workers are free to look for jobs and work in whichever firm will hire them.
B) firms are free to employ resources, to produce output, and to sell products.
C) producers are free to produce whatever the government decides is needed by the society.
D) consumers are free to buy whatever products will satisfy their needs the most.
Correct Answer
verified
Correct Answer
verified
Correct Answer
verified
Correct Answer
verified
Showing 261 - 274 of 274
Related Exams