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POB test 1 correctio

POB test 1 corrections

QuestionAnswer
1. Brandon's towing company added flat tire replacement services. which economic question does this adress c. what to produce
3. Tina needs to find employment t earn an income. she applied for positions as a teacher, contractor, and coordinator. which part of the economic decision making process has she performed b. identifying choices
12. john specializes in leasing commercial buildings to manufacturing companies. in which type of resource does he specializes a. capital
13. Janes steakhouse offers several dishes that may include whole wheat, corn, or beef. in which type of resource does he specialize c. natural
14. which is an example of a company establishing supply d. Walmart sends only five touch screen computers to each store
15. due to decreasing enrollment i a local school system, fewer teachers as employees are needed. as a result, over 100 teachers were released from their commitments. this information would be useful for which measurement of economic activities d. labor activities
17. department stores report monthly to the state commerce office its total sales of goods and services. this information would be useful for which measurement of economic activities b. consumer spending
19. in a hypothetical economy, only 40 people were included and 15 pizzas were produced last year at $ 7 dollars each. this information would be useful for which measurement of economic activities c. GDP per capita
20. a report coring several quarters about the economy includes that more companies are experiencing record high production and adding new employees. also, wages ad the rate of GDP are increasing significantly. which phase of the buiness cycle does this r b. prosperity
21. if an economist researches annually the total value of homes built, this information would be useful for which measurement of economic activities b. GDP
22. a report covering four quarters about the economy includes that more companies are experiencing less production and reducing the number of employees. which phase of the business cycle does this report describe c. reccession
Created by: 1614856