GuideFoot - Learn Together, Grow Smarter. Logo

Questions in business

📝 Answered - What is the name of the economic system where the government, or another central administration, regulates supply and prices?

📝 Answered - Capitalism is an economic system in which privately owned businesses and individuals attempt to make a profit in a free market. True False

📝 Answered - The relative absence of enterprises engaged in manufacturing and finance prior to the Civil War in the Southern states is MOST LIKELY due to: A. The region's heavy reliance on agriculture. B. A lack of necessary infrastructure. C. Cultural attitudes towards industrialization. D. A smaller population compared to the North.

📝 Answered - Which of the following is true of a mixed economy? A. Individuals and corporations own the means of production. B. The government is involved through regulations, taxation, etc. C. There are laws and policies to protect consumers. D. All of the above

📝 Answered - Adam Smith wrote his economic theories in a book titled __________. A. The Future of Capitalism B. The Wealth of Nations C. The History of Market Economics D. The Wealth of the New World

📝 Answered - In a capitalist system, prices are controlled by: A. the law of supply and demand. B. the Federal Reserve Board. C. the consumer Price Index. D. monetary policy.

📝 Answered - The North American Free Trade Agreement (NAFTA) is an agreement that called off most tariffs (taxes on imported goods) on trades between three countries. These countries are the United States, Mexico, and A. Cuba. B. Guatemala. C. Brazil. D. Canada.

📝 Answered - Which of the following is true of the federal income tax structure? A. The poor are required to pay a higher percentage of their income than the wealthy. B. The tax structure requires payment of an equal percentage of income from all Americans. C. Individuals pay income taxes; however, corporations and businesses do not. D. The poor pay a much smaller percentage of their income than the wealthy.

📝 Answered - The cities listed below were all important in Colonial America and in the early years of U.S. history: - Boston - New York - Philadelphia - Charleston Why was trade a major part of the economies of these cities? A. They were all ports that could ship goods on the Atlantic Ocean. B. They were connected to each other by an extensive system of roads. C. They were all located in the North and could easily ship goods to Canada. D. They were located on the Ohio River and would ship goods to the West.

📝 Answered - Which of the following is an example of a transnational organization? 1. A group that influences the government concerning a specific topic. 2. A group that promotes mediation or conflict resolution between nations. 3. A group that is part of a multiparty system and has a certain position on government influence and the economy.