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Economics II
Test Description: Economic terms
Instructions: Answer all questions to get your test result.
1) A plan listing income and expenses
A
barter
B
boycott
C
budget
D
business
2) Education and Training affect this
A
all of the above
B
production
C
boycott
D
barter
3) Jobs in an area due to resources
A
common careers
B
unemployment
C
employer
D
salary
4) The amount of goods or service produced in a given period of time
A
productivity
B
barter
C
salary
D
profit
5) This is the choices a person makes on their use of money and resources
A
employee
B
worker
C
personal spending
D
taxes
6) This is a crop grown to be sold for a profit
A
cash crop
B
crop rotation
C
fur trade
D
planation
7) The act of trying to win or gain something from others
A
cooperation
B
conquistador
C
competition
D
consolidation
8) Use natural resources, money, and knowledge to produce goods and services
A
employer
B
employment
C
employee
D
economy
9) Export
A
To bring goods in from other countries
B
impressment
C
To send goods to other countries for sale or use
D
rise in cost
10) A rise in the usual price of goods and services
A
discrimination
B
production
C
inflation
D
taxation
*select an answer for all questions
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