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