Question
Multiple Choice
1. What is the main advantage of using money instead of bartering? (1 point)
Many more people today use money than bartering to get goods and services.
Not all countries use the same types of money in their economies.
Money comes in many different values to pay for goods and services.
People do not have to have a good or a service that another person wants.
ANSWER=C
2. In January of 2008, the average price of a gallon of milk was $3.87. In January of 2012, the average price of a gallon of milk was $3.58. This is an example of (1 point)
inflation.
interest.
deflation.
productivity.
ANSWER=D
3. What is the best definition of the term interest rate? (1 point)
the rate of return on a business risk
the price for borrowing or saving money
the cost of improving productivity
the influence of supply and demand on loans
ANSWER=A
4. Why do interest rates on home mortgages increase when demand for housing increases? (1 point)
Banks want to decrease incentives to buyers when demand is high.
When the demand for mortgages increases, lenders can increase the cost of borrowing money.
Interest rates do not move in response to consumers’ actions.
When demand is high, interest rates decrease.
ANSWER=C
5. Workers mostly sell their labor in order to (1 point)
earn income.
grow their productivity.
become entrepreneurs.
avoid inflation.
ANSWER=B
6. Which of these factors does not contribute to the income potential of a job? (1 point)
the education required to be successful at a job
the amount of income a person wants to make at a job
the special skills needed to do a job well
the enjoyment a person finds in a job
ANSWER=A
7. Which of these actions is an entrepreneur most likely to take? (1 point)
Develop and market a new product.
Begin working for a large corporation.
Ignore ways to solve economic problems.
Specialize in just one type of task.
ANSWER=D
8. What is one non-monetary positive incentive for becoming an entrepreneur? (1 point)
working long hours
earning a profit
being your own boss
organizing productive resources
ANSWER=B
9. Increased productivity most often leads to (1 point)
higher standards of living.
better educational opportunities.
shorter working hours.
lower profits and outputs.
ANSWER=A
10. XYZ Gaming Inc. wants to invest in some new goods or services to raise its overall productivity. Which of these would be the best choice? (1 point)
bigger desks for workers
faster Internet service
a new lunchroom
health training for employees
ANSWER=D
1. What is the main advantage of using money instead of bartering? (1 point)
Many more people today use money than bartering to get goods and services.
Not all countries use the same types of money in their economies.
Money comes in many different values to pay for goods and services.
People do not have to have a good or a service that another person wants.
ANSWER=C
2. In January of 2008, the average price of a gallon of milk was $3.87. In January of 2012, the average price of a gallon of milk was $3.58. This is an example of (1 point)
inflation.
interest.
deflation.
productivity.
ANSWER=D
3. What is the best definition of the term interest rate? (1 point)
the rate of return on a business risk
the price for borrowing or saving money
the cost of improving productivity
the influence of supply and demand on loans
ANSWER=A
4. Why do interest rates on home mortgages increase when demand for housing increases? (1 point)
Banks want to decrease incentives to buyers when demand is high.
When the demand for mortgages increases, lenders can increase the cost of borrowing money.
Interest rates do not move in response to consumers’ actions.
When demand is high, interest rates decrease.
ANSWER=C
5. Workers mostly sell their labor in order to (1 point)
earn income.
grow their productivity.
become entrepreneurs.
avoid inflation.
ANSWER=B
6. Which of these factors does not contribute to the income potential of a job? (1 point)
the education required to be successful at a job
the amount of income a person wants to make at a job
the special skills needed to do a job well
the enjoyment a person finds in a job
ANSWER=A
7. Which of these actions is an entrepreneur most likely to take? (1 point)
Develop and market a new product.
Begin working for a large corporation.
Ignore ways to solve economic problems.
Specialize in just one type of task.
ANSWER=D
8. What is one non-monetary positive incentive for becoming an entrepreneur? (1 point)
working long hours
earning a profit
being your own boss
organizing productive resources
ANSWER=B
9. Increased productivity most often leads to (1 point)
higher standards of living.
better educational opportunities.
shorter working hours.
lower profits and outputs.
ANSWER=A
10. XYZ Gaming Inc. wants to invest in some new goods or services to raise its overall productivity. Which of these would be the best choice? (1 point)
bigger desks for workers
faster Internet service
a new lunchroom
health training for employees
ANSWER=D
Answers
Ms. Sue
I checked your first five answers. They are all wrong!
Chai
Dont be rude! He is at least trying!
Miranda Lambert
here's the real answer trust me I got a 100%
1. d
2. c
3. b
4. b
5. a
6. b
7. a
8. c
9. a
10.b
trust me u will get 100%
1. d
2. c
3. b
4. b
5. a
6. b
7. a
8. c
9. a
10.b
trust me u will get 100%
boo
1. d
2. c
3. b
4. b
5. a
6. b
7. a
8. c
9. a
10. b
Miranda is right!!!!! I got a hundred!!!!!!
2. c
3. b
4. b
5. a
6. b
7. a
8. c
9. a
10. b
Miranda is right!!!!! I got a hundred!!!!!!
HI
boo and miranda are right! i got a 100
Anonymous
why should beleive you i got an f 50%
mrs. sue
are you right or worng
Hi
I got a freaking 60% thanks for nothing
a nanny mouse
aaaaaaaaaahhhh idk
Kyla
Miranda and boo are right I got 100% fr
katrina
Miranda and boo were actually right
I got a 100%
thanks:)
I got a 100%
thanks:)
Clarissa
If you guys are taking the grade 8 unit 5?quiz for connexsus it's not even the same questions for all of them. Pay attention more. They might be right for a different quiz but not this one.
Helper
6 is d
DERP
I'm confused who's right and who's wrong?
DERP
Clarissa this for 7th grade unit 1.
Cutely anoman
Helper is right #6 is d that's the only one I got wrong with using boo and Miranda answers
Nobody
6 is D
Anonymous :)
Your answers for 1, 4, 6, 7, and 8 are incorrect. The answer for 1 is D; 4 is B; 6 is D; 7 is A and 8 is C.
someone
yes Mia is right everything is correct except 6. 6 is D not B.
Just passing by to help
Mia is fine just be sure to correct 6 from B to D. ;)
Dilynn
1.D
2.C
3.B
4.B
5.A
6.D
7.A
8.C
9.A
10.B
I GOT 100% I PROMISE!!!!
2.C
3.B
4.B
5.A
6.D
7.A
8.C
9.A
10.B
I GOT 100% I PROMISE!!!!
Amy fleming
Miranda is almost all right. But 6 is A
hush my child
some of my questions are different :/
Harley Momma
Clarissa. you are correct. I'm doing this now and its for 8th grade connexions. ive noticed that a lot of the questions are different ,especially in this course. I'm a parent of a student in connections and I come here to compare the answers to what my son has. thanks for all of the help this year.
Marceline
C
B
D
D
A
C
A
B
B
B
This is what y’all are looking for, I got a 50% from boo and the other student but I looked at the answers and these are the correct ones, sorry for them waisting your time, get good grades and have a good day
B
D
D
A
C
A
B
B
B
This is what y’all are looking for, I got a 50% from boo and the other student but I looked at the answers and these are the correct ones, sorry for them waisting your time, get good grades and have a good day