1. a cashier gives one person a $5 bill and 15 $1 bills in exchange for a $20 bill. he gives a second person a $10 bill, a $5 bill, and five $1 bills in exchange for a $20 bill. which characteristic of money does this illustrate? (1 point)
durability
portability
divisibility
uniformity
2. how does inflation primarily differ from deflation? (1 point)
inflation tracks changing prices but deflation does not.
inflation relates to rising rather than falling prices.
inflation happens only when the money supply is too small.
inflation occurs much less often than deflation does.
3. what is an interest rate? (1 point)
a loan add­on
required bank fee
a service provided by a retail store
a special type of price
4. what would rising demand for a certain type of car most likely lead to? (1 point) lower interest rates for all types of vehicles lower interest rates for that type of car higher interest rates for all types of vehicles higher interest rates for that type of car
5. what of the following is the best description for payment for labor? (1 point) salary interest principal productivity abigail and lawrence were hired as customer service representatives the same week. they’ve now been at the job for seven months. abigail consistently gets positive feedback on her calls, and her call volume is 30% higher than lawrence’s. lawrence has been given good feedback for the most part, though some customers have said he could be more . neither worker has management experience, though abigail hopes she won’t be on the phones for more than another year. use the passage to answer the question.
6. what is the most likely event that will take place in this situation? (1 point) abigail will become lawrence’s immediate supervisor.
lawrence will be asked to give abigail advice on customers.
abigail will be given a raise, but lawrence will not.
lawrence will be given a bonus for getting good feedback from his callers.
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 chris has been working at his job for five years. he likes it because it is challenging, but he wonders if he would be happier making all of the decisions for a company instead of having someone else make the decisions for him. use the passage to answer the question.