Підсумковий контроль Course Materials & Test Answers | moodle.karazin.ua

Anti-trust laws are made to

help monopolies grow

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reduce worker salaries

0%

promote fair competition

100%

increase taxes on imports

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To “make a profit” means to

earn more than you spend

100%

lose money

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break even

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invest in debt

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Opportunity cost is the value of

your favorite product

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the next best alternative you give up

100%

your working hours

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money saved

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Raw materials are used

after marketing

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for decoration

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for luxury goods only

0%

in production

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Consumption refers to

destroying goods

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using goods and services

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selling shares

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making policies

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Total output refers to

the entire production of an economy

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the number of unemployed

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all imports only

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the amount of government debt

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Substitute products are

the only goods available

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seasonal offers

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government services

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alternatives that can replace others

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Entrepreneurs often start a

public agency

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school reform

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business venture

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war

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The price ceiling is

the average price

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the maximum legal price

100%

the minimum legal price

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the fixed price of all products

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What is the national labour force?

All people who provide labour, including the unemployed

100%

Those who pay taxes

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Only employed workers

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Only skilled workers

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