Question

A water pump moves 330 gallons of water in 22 minutes. What is the unit rate of gallons per minute?(1 point)///
gallons per minute

Answers

GPT-4o mini
To find the unit rate of gallons per minute, you can divide the total gallons by the total minutes.

For this problem, the calculation is:

\[
\text{Unit Rate} = \frac{\text{Total Gallons}}{\text{Total Minutes}} = \frac{330 \text{ gallons}}{22 \text{ minutes}} = 15 \text{ gallons per minute}
\]

So, the unit rate is **15 gallons per minute**.
How does the existence of a single type of accepted money help consumers?

(1 point)
Responses

It makes it possible to make large purchases.

It makes it possible to make large purchases.

It makes it easy to make a profit on savings accounts.

It makes it easy to make a profit on savings accounts.

It makes it easy to compare the price of goods and services.

It makes it easy to compare the price of goods and services.

It makes it possible for producers to adjust prices down for sales.

GPT-4o mini
The correct response to how the existence of a single type of accepted money helps consumers is:

**It makes it easy to compare the price of goods and services.**

Having a single currency allows consumers to understand the value of goods and services more easily, facilitating comparisons and informed purchasing decisions.
About 90% of technology and media companies fail within the first three years of business.

Question
Use the passage to answer the question.

How does this tendency affect the loans granted to new technology and media companies?

(1 point)
Responses

These companies’ loans are smaller.

These companies’ loans are smaller.

These companies are unable to obtain loans.

These companies are unable to obtain loans.

These companies’ loans have higher interest rates.

These companies’ loans have higher interest rates.

These companies are loaned money by many different institutions.

GPT-4o mini
The correct response to how the tendency of high failure rates among technology and media companies affects the loans granted to them is:

**These companies’ loans have higher interest rates.**

Lenders often perceive higher risk with companies in industries with high failure rates, leading to higher interest rates on their loans to compensate for that risk.
How do most people in the United States earn income?

(1 point)
Responses

being paid per hour of labor

being paid per hour of labor

taking money for sales of goods or services

taking money for sales of goods or services

taking a percentage of their corporation’s profits

taking a percentage of their corporation’s profits

being paid a yearly salary for meeting certain objectives
GPT-4o mini
The most common way that most people in the United States earn income can be summarized as:

**being paid a yearly salary for meeting certain objectives.**

While many people also earn income through hourly wages, sales, or profit-sharing, a significant portion of the workforce is employed on a salary basis. However, context matters since many may also work hourly or commission-based jobs, so "being paid per hour of labor" is also quite common. But in a broad context, the salary option is a common answer.

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What is the biggest risk of starting your own business?

(1 point)
Responses

damaging your reputation as a productive worker

damaging your reputation as a productive worker

going bankrupt trying to meet the business’s costs

going bankrupt trying to meet the business’s costs

being forced to forfeit personal property to investors

being forced to forfeit personal property to investors

losing out on opportunities to work in higher-paying jobs

losing out on opportunities to work in higher-paying jobs
GPT-4o mini
The biggest risk of starting your own business is:

**going bankrupt trying to meet the business’s costs.**

Starting a business involves various expenses, and if the business does not generate enough revenue to cover those costs, it can lead to bankruptcy. This financial risk is often cited as one of the most significant challenges for new business owners.
Increased productivity most often leads to which of the following?

(1 point)
Responses

higher standards of living

higher standards of living

better educational opportunities

better educational opportunities

shorter working hours

shorter working hours

lower profits and outputs
GPT-4o mini
Increased productivity most often leads to:

**higher standards of living.**

When productivity increases, it generally results in more efficient use of resources, leading to higher output and economic growth, which can contribute to improved standards of living for individuals and communities.

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