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Question 6 1 points Save A __________ occurs when the quantity demanded exceeds

ID: 2708863 • Letter: Q

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  Question 6

1 points     

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A __________ occurs when the quantity    demanded exceeds the quantity supplied.       

supply deficit           

shortage           

surplus           

demand deficit           

stoppage           

  Question 7

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Which of the following are effects of    Internet business?       

It will give a dramatic boost to trade in      all sectors of the economy.           

It will serve to level the playing field      between large and small companies.           

It holds considerable potential as an      efficient networking mechanism among businesses.           

All of the above.           

None of the above.
     
     

  Question 8

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Private property rights, freedom of choice,    and profits are three of the elements of private enterprise. Which item    below is the fourth element?       

competition           

fear           

intensity           

supply           

demand
     
     

  Question 9

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James Kinsey, the founder of AOL, is a(n)    ___________.       

director           

proprietor           

entrepreneur           

partner           

officer
     
     

  Question   10

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Which economic system provides for the    private ownership of the factors of production and also encourages    entrepreneurship by offering profits as an incentive?       

socialism           

communism           

fascism           

state medical plan           

capitalism
     
     

  

  Question 6

     

1 points     

     

Save     

     

         

A __________ occurs when the quantity    demanded exceeds the quantity supplied.       

     

       

               

supply deficit           

         

               

shortage           

         

               

surplus           

         

               

demand deficit           

         

               

stoppage           

       

Explanation / Answer

Supply deficit

All the above

Intensity

Entrepreneur

capitalism


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