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POB Midterm Review II
Test Description: Economic conditions
Instructions: Answer all questions to get your test result.
1) Businesses continue to making profits is an example of what phase of the business cycle?
A
depression
B
prosperity
C
recession
D
recovery
2) Macy\'s may continue with business as usual is what phase of business cycle?
A
recession
B
prosperity
C
inflation
D
depression
3) Walmart may change all customer service representatives from full-time to part-time employees without benefits is what phase of business cycle?
A
inflation
B
depression
C
prosperity
D
recovery
4) Businesses strategize to stimulate demand for products is
A
recession phase
B
depression phase
C
prosperity phase
D
recovery phase
5) US Post Office may expand shipping services by picking up packages from customers\' door steps and make pricing easier for customers to determine is
A
depression phase
B
recovery phase
C
recession phase
D
prosperity phase
6) Businesses will increase human capital is the
A
prosperity phase
B
recession phase
C
recovery phase
D
depression phase
7) MicoSoft may travel to several college campuses to recruit new employess is the
A
depression phase
B
prosperity phase
C
recovery phase
D
recession phase
8) The state department collects monthly reports of total sales from all newspaper companies in NC. This information would be useful for which measurement of economic activities?
A
Consumer spending
B
labor activities
C
Borrowing
D
investment activities
9) A report about the economy reveals a decreasing unemployment rate, consumer buying of goods and services is increasing significantly. Which phase does this report cover?
A
Recession
B
Inflation
C
Depression
D
Recovery
10) Which is NOT a type of interest rate?
A
discount rate
B
prime rate
C
senior citizen
D
mortgage rate
*select an answer for all questions
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