Saylor Academy BUS 101 Unit 1 Assessment
Exam Questions and Answers with Verified
Solutions | Latest Updated 2026
According to economist Milton To maximize profit for its owners
Friedman which of the following is
the main purpose of a business?
Which of the following are the two buyer, seller
main roles in a market? (Select
two)
_____ is the set of all purchases GDP (Gross Domestic Product)
and
expenditures by consumers and
government agencies within a
nation
during a specific time period
Consumer confidence is the level CCI
at
which consumers feel optimistic
about the economy and their
ability
to make purchases based on their
income. Which of the following is
the
measurement by which consumer
confidence is evaluated?
, The unemployment rate is one of The unemployment rate is the percentage
the of the
many ways the US measures the labor force that's unemployed and actively
state of the economy. Which of the seeking
following statements about the work
unemployment rate is true?
Which of the following indicators is Building permits issued
used to determine the strength of
the housing market?
The US has imported more than it The US is losing ground relative to global
has exported since 1980. What competition by becoming less of a
might producing
this indicate about the US country and more of a consuming country.
economy?
China, India, and Russia have These countries are still considered to be
relatively large economies. Which developing economies
of
the following statements about
these
nations is true?
Exam Questions and Answers with Verified
Solutions | Latest Updated 2026
According to economist Milton To maximize profit for its owners
Friedman which of the following is
the main purpose of a business?
Which of the following are the two buyer, seller
main roles in a market? (Select
two)
_____ is the set of all purchases GDP (Gross Domestic Product)
and
expenditures by consumers and
government agencies within a
nation
during a specific time period
Consumer confidence is the level CCI
at
which consumers feel optimistic
about the economy and their
ability
to make purchases based on their
income. Which of the following is
the
measurement by which consumer
confidence is evaluated?
, The unemployment rate is one of The unemployment rate is the percentage
the of the
many ways the US measures the labor force that's unemployed and actively
state of the economy. Which of the seeking
following statements about the work
unemployment rate is true?
Which of the following indicators is Building permits issued
used to determine the strength of
the housing market?
The US has imported more than it The US is losing ground relative to global
has exported since 1980. What competition by becoming less of a
might producing
this indicate about the US country and more of a consuming country.
economy?
China, India, and Russia have These countries are still considered to be
relatively large economies. Which developing economies
of
the following statements about
these
nations is true?
