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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Chapter 1 Quiz

Chapter 1 Quiz

Q 1. No true examples of a pure monopoly exist today. Question 2 1 out of 1 points Not-for-profit organizations have the same goals as for-profit organizations. Question 3 1 out of 1 points A business is an organization that strives for a profit by providing goods and services desired by its customers. Question 4 1 out of 1 points It takes four consecutive quarters of decline in the GDP for economists to consider the economy to be in a recession. Question 5 1 out of J points The higher the price of a good or service, the greater the amount a producer is willing to supply.

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1.false 2.False 3.True 4.False 5.True