A multiple-choice test is a good example of a test of: recognition.
Recognition tests sees what a person has been taught before and allows them to pick the appropriate response to a question based on what they've learned previously. When you are picking from a list of choices, you are able to see various answers that could be correct but are expected to be able to decipher between them and chose the right one.
Answer:
d. the interest rate adjusts to balance the supply of, and demand for, money.
Explanation:
In Keynes's view, the interest rate is the premium that economic agents get for delaying the consumption that satisfies them. This is why people decide to save rather than consume. Thus, the consumer decides between present consumption or future consumption, depending on the attractiveness of the interest rate practiced in the market. In other words, the interest rate acts as the beacon between supply and demand for money. When the interest rate is attractive, savers forgo current consumption and save for extra income.
Answer:
A
Explanation: sociology deals with human behaviour in the society and country at large.
That statement is false.
It is true that United States adopt a free market system which allow organisations to fully compete and determine the outcome of supply and demand.
That is being said, Business law and Government regulations are still considered to be an important aspects in businesses because it creates a standard rule for fair competition.
