06.06 Segment Exam Part A

In 2011, Brazil had a GDP of $2.3 trillion and a per capital GDP of $11,800. A fifth of the population lived below the poverty line, and life expectancy was about 73 years. Which of these additional factors would most support the conclusion that Brazil is an emerging economy rather than a developing economy?

Supporters of free trade zones would most likely argue that this map demonstrates how free trade

Which of the following entities would most likely agree with Adam Smith's statement?

An artisan sells handmade journals. His products are successful. Based on the chart, what will happen next?

The bookstore is overstocked with old fantasy novels. It needs to get rid of the novels to make room for newly published fantasy novels. Based on the chart, what could the bookstore do to increase quantity demanded for fantasy novels?

Marcie wants to work as a freelance editor. She purchases a desk, computer, widescreen monitor, and ergonomic keyboard. What kind of resources are these?

Based on the charted data, which of these statements is true?

Sayuri's Asian Café needs to make pot stickers faster, so Sayuri buys a new machine to speed production, and the team starts using it on Day 4. Sayuri tracks production over the course of seven days. Which of these statements summarizes how the machine affects productivity?

The most immediate impact of rising inflation is

Given the data in the chart above, which statement explains why these three countries would benefit from specialization and trade?

Angela is a musician who writes short musical pieces for use in religious services and nonreligious festivals. There is a large anniversary celebration in her town in one month, and she has been asked to compose an original nonreligious piece. How might this affect her production possibility curve for new music?

Ming is starting a business and she would like her personal assets to be protected. Which organizational structures should she consider?

Look at the graph. A bookstore owner increases the price of art books to $25. Which of these would occur?

Life Expectancy Given the data in the chart, which of the following statements is true?

Which of the following statements reflects the broad economic goal of equity?

Andy compares mattresses. A twin-sized NightSoft mattress at the large chain BuyRite costs $1,500. The BuyRite saleswoman tells Andy that the company's 24-hour customer service, free mattress cleaning, and 60-day return policies are the best in the business. A similar twin-sized model, the DarkNights mattress, at the small store Joe's Bed and Linens, costs $1,495. The salesman at Joe's tells Andy that this store offers a 30-day money-back guarantee, plus free delivery. Which of these is Andy experiencing?

In the rural farming town of York Springs, Smith's was the only grocery store and Lehman's was the only animal feed mill. How would you describe these businesses?

Given the data in the chart, over which country does the United States have a comparative advantage in oil production?

Diplomatic relations have broken down between the United States and another nation. To punish the other nation for treaty violations, the U.S. government bans all trade with that nation. This is an example of which kind of trade barrier?

Entrepreneurs An Wang George Washington Carver Samuel F. B. Morse Margaret Hutchison Rousseau Choose one entrepreneur from this list. Write about an innovative idea this entrepreneur had. Include details about the person who brought it into being and the contributions he or she made to our society. How did this entrepreneur embody one or more characteristics from the HUNT? Present your response in a clear, organized manner and cite specific examples.