Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
CE 11 Review
Test Description: 3rd 9 Weeks Benchmark Review
Instructions: Answer all questions to get your test result.
1) What is the most common economic system today?
A
Free Market Economy
B
Command Economy
C
Mixed Economy
D
Traditional Economy
2) The rivalry between the different producers and sellers of a good or service is called?
A
Competition
B
Consumer Sovereignty
C
Consumer Protections
D
Profit
3) Chad was a herder, just like his father and grandfather. He wanted to go to college, but had to settle for the old ways. What economic system is Chad a part of?
A
Free Market Economy
B
Mixed Economy
C
Traditional Economy
D
Command Economy
4) Which of the following is NOT a type of resource?
A
Capital
B
Human
C
Canine
D
Natural
5) What is the inability to satisfy all needs and wants at the same time because all resources are limited?
A
bills
B
people
C
scarcity
D
resources
6) What is given up when a choice is made?
A
An opportunity cost
B
scarcity
C
price
D
resources
7) Which economy has only PRIVATE ownership of property and resources?
A
Free market
B
Command
C
Traditional
D
Mixed
8) The interaction of supply and demand determine..?
A
Resources
B
Competition
C
Price
D
Money
9) Consumers determine what goods and services will be produced based on the products they purchase. This is known as?
A
Profit
B
Competition
C
Consumer Sovereignty
D
Command Economy
10) What are the earnings a business has left after all its expenses have been paid?
A
Wages
B
Profit
C
Taxes
D
Capital
*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?