Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Econ Review
Test Description: Econ review
Instructions: Answer all questions to get your test result.
1) The T.V. station was fined for broadcasting inappropriate language. Which governmental agency levied the fine?
A
Federal Naughty Words Commission
B
Federal Communications Commission
C
Federal Insurance Commission
D
Federal Trade Commission
2) If Amazon does not send you the goods you purchased, you have the right to ___.
A
send more money
B
take legal action (sue them)
C
threaten customer service
D
do nothing
3) Which of the following is NOT a way the government encourages competition?
A
create anti-trust laws
B
support business start ups
C
encourage global trade
D
regulate circular flow
4) The U.S. Government enforces anti-trust laws to ____.
A
pay for goods and services
B
discourage monopolies
C
increase tax rates
D
limit competition
5) The U.S. government regulates businesses. Because of this, it can be called a ___.
A
anarchy economy
B
command economy
C
mixed economy
D
free market economy
6) Increased competition results in ______.
A
inflation
B
recession
C
higher prices
D
lower prices
7) Which type of business has one owner who takes all risks?
A
partnership
B
corporation
C
sole proprietorship
D
federal agency
8) Which of the following is NOT a characteristic of corporations?
A
it operates as a legal person
B
investors can buy stocks
C
liability is limited to investment
D
there is no risk in investment
9) Which of the following is NOT a reason states and nations trade?
A
to buy goods at a lower cost
B
to regulate trade tariffs
C
to increase competition
D
to create jobs
10) Banks act as intermediaries between ___.
A
savers and the government
B
borrowers and savers
C
schools and libraries
D
the government and schools
11) Which of the following is NOT a private financial institution?
A
banks
B
Federal Reserve
C
savings loans
D
credit unions
12) Which of the following can lower the cost of production?
A
less competition
B
outdated machinery
C
new technology
D
Mrs. Hodges
*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!
©2007-2023
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?