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Questions in business

📝 Answered - Nations establish trade barriers against other nations for all of the following reasons except: A. To discourage citizens from buying imports B. To encourage domestic businesses to meet demand C. To protect domestic companies from international competition D. To create more free trade between countries

📝 Answered - Which of the following are factors that can cause a shift in supply? A. Demand decreases and competition increases B. Demand increases and competition decreases C. Less availability of products and increasing market share D. Production increases and establishment of new companies

📝 Answered - What effect does the availability of many substitutes have on the elasticity of demand for a good?

📝 Answered - “The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes.” 1. This quotation best supports which of the economic theories of John Maynard Keynes? A. Businesses and jobs rely most strongly on consumer demand. B. Government regulation is necessary to stabilize the economy. C. Markets operate best when allowed to operate freely. D. Private individuals can best make their own economic decisions.

📝 Answered - What was the main benefit of scientific management?

📝 Answered - When you're working with a word processing document and you press the Del key, what happens?

📝 Answered - What was a major result of Henry Ford's innovative manufacturing technique?

📝 Answered - A cartel differs from a monopoly in that: a. One corporation has complete control of a product or service. b. Businesses making the same product agree to limit production. c. One firm sets the prices for all goods in an industry. d. All the firms involved in the same business merge into one entity.

📝 Answered - What event occurred on Black Tuesday? A. Unemployment reached nearly 25 percent. B. The Federal Reserve lowered interest rates. C. Investors sold more than 16 million shares of stock. D. Germany stopped reparation payments to the United States.

📝 Answered - Which of the following most accurately describes agriculture in the South after the Civil War? A. Dominated by cotton B. A wide variety of crops C. Dominated by tobacco D. Mostly vegetables