Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Marketing Principles Ch. 3
Test Description: Marketing Principles Ch. 3
Instructions: Answer all questions to get your test result.
1) Land, Labor, Capital and Entrepreneurship, in economic terms, are all known as...
A
Factors of Production
B
Economic Properties
C
Forces of Nature
D
Factors of Economies
2) This term refers to the skills of people who are willing to invest their time and money to run a business.
A
Capital
B
Entrepreneurship
C
Land
D
Labor
3) Traditions and rituals answer the basic questions of what, how, and for whom in this type of economy.
A
Command
B
Traditional
C
Market
D
Mixed
4) In this type of economy, a country's government makes economic decisions and decides what, when and how much will be produced and distributed.
A
Traditional
B
Mixed
C
Market
D
Command
5) There is no government involvement in economic decisions in this type of economy.
A
Traditional
B
Mixed
C
Market
D
Command
6) The output per worker hour that is measured over a defined period of time, such as a week, month or year is known as...
A
GDP
B
Output Rate
C
Manufacturing Speed
D
Productivity
7) This refers to a period of rising prices.
A
Rising GNP
B
Inflation
C
Increased worker output
D
Increased unemployment
8) The output of goods and services produced by labor and property located within country is known as...
A
GNP
B
GDP
C
Recession
D
Inflation
9) This measures the change in price over a period of time of some 400 specific retail goods and services used by the average urban household.
A
Gross Domestic Product
B
Gross National Product
C
Consumer Price Index
D
Consumer's Percent of Income
10) The recurring changes in economic activity are called...
A
Recession
B
Expansion
C
Trough
D
Business Cycle
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?