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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.

Respuesta :

Answer: the correct sequence of answers is 2.- Antitrust 3.-Blake Mycoskie 4.-Joseph Unahue 5.-Demand for avocados would increase, causing prices to increase.  6.-the supply of basic goods like food goes down 7.-Companies are selling shares of ownership and a share of its profits in exchange for money it can use to operate their business. 8.-The customer would reinvest his savings somewhere else, and the bank would have less money to lend.

Explanation 2.- Antitrust laws protect us in case a company wants to take over the market 3.-Blake Mycoskie is an American entrepreneur, author, and philanthropist. He is the founder of Toms Shoes (stylized as TOMS Shoes). 4.- Joseph Andrew Unanue was the president of Goya Foods, which is the largest Hispanic–owned food company in the United States, and belongs to the Unanue family.  5.- If demand of avocados increases then it means everybody wants avocados and the price of avocados goes up then 6.- when the economy slows families buy the things they need it means that food companies produce just needy products or on demand so the supply of unnecessary food products goes down, too 7.- When companies need money to run the company the best measure is to sell shares otherwise they will have to ask for a loan and pay interest. 8.- If the Bank doesn't pay interest then the customer can take his or her money from the Bank and also can present  a complaint to the Bank.

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