POB 1.02 Quiz

Due to decreasing enrollment in 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?

If five employees each work 35 hours a week and produce a total of 15,000 items, what is their total hourly productivity level?

The state department collects monthly reports of total sales from all newspaper companies in North Carolina. This information would be useful for which measurement of economic activities?

In business terms, what is profit?

Which is an example of an economic factor that affects the business environment?

A report sent out about the four stages of the economy includes that more companies are experiencing less production and reducing the number of employees. Which phase of the economic business cycle does this report describe?

Consumer prices in Venezuela increased 180.9 percent year-on-year in December of 2015, reaching an-all time high. This is describing what problem within the Venezuelan economy?

Mandatory government spending includes all of the following except:

Government securities are:

“Balancing the budget” means: