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Social Studies, 01.12.2019 22:31 myjavier

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question 2(multiple choice worth 3 points)

(american money lo 3 mc)

a shoe repair company starts buying out all the local shoe repair companies. once it is the only shoe repair company in town, it sharply raises prices. this might be a violation of which of the following types of laws?

regulatory
patent
antitrust
supply and demand

question 3(multiple choice worth 3 points)

(american money lo 2 lc)

which entrepreneur below started a business that was able to expand into 20 countries within five years?

joseph unahue
blake mycoskie
debbie fields rose
oprah winfrey

question 4(multiple choice worth 3 points)

(american money lo 2 lc)

which entrepreneur named below took over and expanded a family business begun by his or her father?

joseph unahue
blake mycoskie
jerry greenfield
vera wang

question 5(multiple choice worth 3 points)

(american money lo 1 mc)

if a new study shows a connection between eating avocados and a lowered risk of disease, what do you think will happen?

demand for avocados would decrease, causing prices to increase.
demand for avocados would increase, causing prices to increase.
demand for avocados would decrease, causing prices to decrease.
demand for avocados would increase, causing prices to decrease.

question 6(multiple choice worth 3 points)

(american money lo 1 mc)

when the economy slows, families stop spending money on things they don't need. which of a following is a likely result during times like these?

the cost of luxury items like jewelry increases
the supply of basic goods like food goes down
the supply of luxury items like jewelry increases
the cost of basic goods like food goes down

question 7(multiple choice worth 3 points)

(american money lo 4 mc)

which best explains what it means for a company to sell its stock?

investors are lending the company money which the company must pay back later with interest.
investors are buying a share of the loans the company has taken from banks. as the loans are repaid, the investor will profit.
companies are trading shares of ownership with a business competitor, so that both businesses cannot have too great a loss.
companies are selling shares of ownership and a share of its profits in exchange for money it can use to operate their business.

question 8(multiple choice worth 3 points)

(american money lo 4 hc)

a wealthy person has a savings account with a bank. every month, the bank pays this person interest based on the amount of money in their savings account. what would be the most likely effect if the bank stopped paying interest?

the customer would reinvest his savings somewhere else, and the bank would have less money to lend.
the customer would report the bank to the federal government and the bank would be closed.
the customer would not care because interest rates are not competitive anyway.
the customer would leave his money at the bank, and the bank would eventually change its policy.

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