Question 1

Which occurs when the supply of individuals who are able and willing to work diminishes?

Accepted Answer

Human resources become limited.

Answer

Human resources become unlimited.

Answer

Capital goods become limited.

Answer

Capital goods become unlimited.

Question 2

Which is an example of ethical business behavior?

Accepted Answer

testing products to ensure they are safe to use

Answer

using advertisements to confuse customers

Answer

accepting a bribe from a prominent customer

Answer

disclosing partial information about products

Question 3

When prices increase, producers usually:

Accepted Answer

increase supply.

Answer

increase demand.

Answer

decrease profits.

Answer

decrease demand.

Question 4

Which affects the business environment because it provides the most options for consumers?

Accepted Answer

global competition

Answer

monopoly

Answer

command economy

Answer

international sanctions

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