** this is 1.)which of the following is a disadvantage of mass production? a. lost jobs b. job gains c. increased profits d. productivity gains 2.) each worker doing a small part of the overall manufacturing process is known as a. automation. b. specialization. c. appreciation. d. interchangeable parts. 3.) which of the following is a disadvantage of the sole proprietorship form of ownership? a. unlimited liability b. control over the business c. split responsibility d. limited liability 4.) the period of time when business slows, workers are laid off, and gdp declines is what part of the business cycle? a. expansion b. recession c. trough d. peak 5.) the government has an interest in promoting competition between businesses because competition results in a. lower prices and lower-quality products b. higher prices and lower-quality products c. higher prices and higher-quality products d. lower prices and higher quality of products 6.) which of the following is an advantage of the sole proprietorship form of ownership? a. limited liability b. split responsibility c. control over the business d. unlimited liability 7.) which of the following groups decides who sits on the board of directors of a corporation? a. the us government b. consumers c. american voters d. shareholders 8.) limited liability is an advantage of what form of business ownership? a. partnership b. franchise c. sole proprietorship d. corporation the plan for how the government will raise and spend money is known as the a. federal budget. b. federal treasury. c. spending plan. d. federal reserve. 10.) which of the following is a reason for the growth of federal government spending? a. deflation b. growing population c. shrinking population d. less demand for services