Invest Central America
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26.) Approximately ____ of all above-ground gold is held in reserves by Central banks.
10%
25%
50%
85%
27.) The Industrial Revolution began in Europe in the _______________, and it quickly spread to the United States.
late 19th and early 20th centuries
late 18th and early 19th centuries
late 17th and early 18th centuries
mid 20th century
28.) The “Gilded Age” of the second half of the 19th century was the epoch of:
gilds.
mergers.
tycoons.
automobiles.
29.) A person who takes the risk of organizing and operating a new business venture is called a:
tycoon.
sole proprietor.
entrepreneur.
corporation.
30.) What did America experience in the 1920’s?
An economic boom
An economic bust
A long bull market
A long bear market
31.) October 24, 1929, the day when 13 million shares were sold is now known as:
Black Monday
Black Tuesday
Black Thursday
Black Friday
32.) In America, during the _____, the number of workers providing services grew until it equaled and then surpassed the number who produced goods.
1930s
1950s
1970s
1990s
33.) Stagflation is a situation in which a nation’s economy is characterized by relatively:
high price inflation and low rates of economic growth.
low price inflation and high rates of unemployment.
high rates of economic growth and low price inflation.
low unemployment rates and high rates of economic growth.
34.) Communism is an economic theory which stresses that the control of the means of producing economic goods in a society should reside in the hands of those who:
have the biggest economic advantage.
Invest their labor for production.
have the most education.
are elected to office by the public.
35.) In a typical ________ arrangement, a successful company authorizes an individual or small group of entrepreneurs to use its name and products in exchange for a percentage of the sales revenue.
wholesale
franchising
marketing
corporate
36.) Which of the following does not form a true statement by correctly completing the sentence?
Large businesses are important to the overall economy because they are better equipped to:
conduct research and develop new goods.
offer more varied job opportunities and greater job stability.
offer higher wages and better health and retirement benefits.
provide the goods and services wanted by the surrounding community.
37.) In general, government antitrust officials see a threat of monopoly power when a company gains control of ________ of the market for a commodity or service.
25%
30%
66.6%
90%
38.) Which of the following is not one of the roles of the Environmental Protection Agency (EPA)?
sets and enforces tolerable limits of pollution
cleans up polluted streams, rivers, and marshes
establishes timetables to bring polluters into line with standards
has the authority to coordinate and support research and anti-pollution efforts
39.) Which of the following are not practiced market strategies?
Buying on margin
Selling short
Selling long
Options
40.) ________ is an economic policy or doctrine that opposes government interference in or regulation of business or commerce beyond what is necessary for a free-enterprise system to regulate itself.
Communism
Laissez-faire
Fiscal policy
Free-enterprise policy
41.) Which of the following is not a method that corporations use to raise capital?
issuing bonds or preferred stock
selling common stock
borrowing and using profits
selling goods and services directly to the public