epf quiz 2

Question 1

if the populaion in a area increase the demand of the area will

Answer 1

increase

Question 2

if the demand for hotdogs increases the demand for hot dog buns will

Answer 2

increase

Question 3

if a person income signfically deacreses the demand for items will

Answer 3

decrease

Question 4

if the taxes increase the supply will

Answer 4

decrease

Question 5

if the givermnet removes regulations on a business supply will

Answer 5

increase

Question 6

if the govermnet provides a subsidy supply will

Answer 6

increase

Question 7

if the cost of resources increses supply will

Answer 7

decrease

Question 8

a buiness that is seperate from the people who own it and acts as a single person

Answer 8

corporation

Question 9

a type of buiness in which two or more people share ownership

Answer 9

partnership

Question 10

a succesful buiness that grows and enters relationships with other businesses operated under the same name

Answer 10

franchise

Question 11

a buiness owned by one indvidual

Answer 11

solo proptiership

Question 12

a doctores odice that has shared ownership split among three different doctors is

Answer 12

parterner ship

Question 13

what is a disadvatge of being an owner of a coperation

Answer 13

more govermnet regulations

Question 14

a local retraunt that is onlt one of its kind and that is owned by one person is best descried as

Answer 14

solo paternship

Question 15

what is the equailliberm price for donoughts

Answer 15

$4

Question 16

if the price of dnghts increases low of demand the demand foe donughts will increase as well

Answer 16

false

Question 17

if one book store bought another bok store this would be an ecnaome of

Answer 17

horizontal merger

Question 18

if a publishing compnay prosuces books through a book store company this would be an exnaple of

Answer 18

vertcial merger

Question 19

if it cost johnnys cucmbers

Answer 19

$3

Question 20

dans porks chop

Answer 20

2000

Question 21

if supply of donughts icnrease the supply curve will shift to the

Answer 21

right

Question 22

whether demand will increase or decrease

Answer 22

oncrease: population in a area oncrease and demand for hot dogs
decrease: persons income decrease

Question 23

dans pork chop

Answer 23

yes

Question 24

the choice randy has to make

Answer 24

trade off

Question 25

if randy uses the money

Answer 25

oppturnity

Question 26

donnys magic beans

Answer 26

11000

Question 27

joes fly frisbess

Answer 27

1

Question 28

single incremnet

Answer 28

2 hours of practice for 2 hours of sleep

Question 29

use the yable

Answer 29

15%