Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
CE 11 Review #1
Test Description: SOL CE 11 Review games. Focus on: CE 11a
Instructions: Answer all questions to get your test result.
1) A winter storm downed power lines and left the town without electricity for a week. Stores quickly ran out of supplies consumers wanted to buy. What economic term is described?
A
Human resource
B
Incentive
C
Opportunity cost
D
Scarcity
2) A buy one get one free sale is an example of which economic term?
A
Incentive
B
Human Resource
C
Opportunity cost
D
Scarcity
3) All of the following are types of resources except?
A
human resources
B
natural resources
C
capital resources
D
main resources
4) Farmers in the Midwest report that a drought has damaged much of the wheat crop that is used to make bread. What is most likely to happen as a result of the drought?
A
Consumers will grow their own wheat
B
Bread prices will go down
C
Bread prices will go up
D
Consumers will pay less for bread
5) Which of the following is NOT one of the three basic economic questions?
A
What will be produced?
B
Who will produce it?
C
Why will it be produced?
D
For whom will it be produced?
6) Mike has $10. He can buy a CD or a shirt. He decides to buy a CD. What term best represents the shirt?
A
His incentive
B
His opportunity cost
C
His supply
D
His demand
7) What determines the price of a good or service?
A
The amount of sales tax
B
The influence of supply and demand on each other
C
Where the good or service is produced and sold
D
The number of people it takes to produce it
8) Maggie did not buy a shirt she wanted until it went on sale. What was her incentive to buy the shirt?
A
Lack of resources
B
Supply
C
Sale price
D
The original price
9) If supply is low and demand is high, the price of an item will be?
A
Stay the same
B
Low
C
High
D
None of these choices
10) What do you call the process of combining resources to produce goods and services
A
Consumption
B
Production
C
Demand
D
Distribution
*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?