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BUS101: Introduction to Business

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According to the Bureau of Labor Statistics, the US unemployment

rate in October 2010 was 9.4%; in October 2009, the unemployment rate

was 10%. In October of 2008, the rate of unemployment was 6.5%. What

business cycle did this period in 2009 represent?

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In the aftermath of the Japanese earthquake and tsunami of 2011,

many industries were affected. Key ports and airports were shut down,

and many plants temporarily suspended manufacturing. Which economic

activity influenced this?

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Many of the nation's biggest retailers have begun hiring larger numbers of new employees. At what stage of the business cycle is this country?

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Consumer confidence is the level that consumers feel optimistic about the economy and their ability to make purchases based on their income. What is the measurement used to evaluate consumer confidence?

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Which indicator is used to determine the strength of the housing market?

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What is the set of all purchases and expenditures by consumers and

government agencies within a nation during a specific period?

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The unemployment rate is one of the many ways the US measures the

state of the economy. Which statement about the unemployment rate is

true?

0%
0%
0%
0%
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China, India, and Russia have relatively large economies. Which statement about these nations is true?

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According to economist Milton Friedman, what is the main purpose of a business?

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Who has the main role in any type of market?

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