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5.02
Missed Questions on section quiz
| Question | Answer |
|---|---|
| The basic rule of the United States government is to | Protect the citizens of the US |
| A major characteristic of a market economy is which type of ownership property | private |
| which is an example of a speculative business risk? | A special promotion fails to increase sales |
| Countries whose governments provide citizens with free medical care, education, and other benefits often are referred to as which type of state? | welfare |
| In business terms, what is profit? | A monetary reward |
| Which is a problem associated with communist command economies | There is no competition |
| When manufacturers give back of the purchase price of an item to the customer, the manufacturers are engaged in | Offering rebates |
| A vendor is extending credit to the jones company in return for the Jones Company's agreement to use the vendor as the sole source of its supplies. What federal act is the vendor and the jones Company violating | clayton act |
| who decides how goods and services will be marketed in a private centerpiece economic system | business people |
| in a private enterprise economic system, the interaction of supply and demand primarily determines | Product prices |