MGMT 3480 Final: final prep 1

19) How do most people start a new business? a) b) start it themselves buy out the other partner buy an existing business inherit the business d) e)

19) According to these data, and the definitions of various types of economic system offered which of these countries is closest to being a "Socialist" Economic System: in your text book, b) Cuba Switzerland Panama China

19) The unemployment rate is an important economic statistic because: a) b) People without jobs aren't contributing to a nation's GDP Unemployment causes inflation Unemployed workers receive welfare, which reduces GDP All of the above c)