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First Quarter EOQ Review.2
Test Description: Good luck
Instructions: Answer all questions to get your test result.
1) This religion is Polytheistic? Which one is it?
A
Hinduism
B
Buddhism
C
Christianity
D
Islam
2) Goods that are shipped and sold outside the country are called .
A
Goods
B
Exports
C
Quotas
D
Imports
3) In this economy, the government produces everything!
A
Command economy
B
Traditional Economy
C
Market Economy
D
Mixed Economy
4) In this economy, the consumers hold ALL the POWER!
A
Market Economy
B
Traditional Economy
C
None of the above
D
Command Economy
5) In this economy bartering is the main way to obtain goods and services.
A
Command Economy
B
Traditional Economy
C
Mixed Economy
D
Market Economy
6) Citizens elect leaders to govern and pass laws on their behalf and it is also called a republic.
A
Constitutional Monarchy
B
Representative Democracy
C
Direct Democracy
D
Oligarchy
7) Goods brought into a country
A
Exports
B
Quotas
C
Goods
D
Imports
8) The study of how we make our money, use our resources, and how things are bought sold.
A
Marketing
B
Economics
C
Culture
D
Finances
9) A resource that will never run out regardless of how much we use are called
A
Renewable Resources
B
Natural Resources
C
Unlimited Resources
D
Quotas
10) An improvement to an existing product, or a new method or new way of doing something.
A
Production
B
Imports
C
Exports
D
Innovation
11) If the people are unhappy with their President, which way is the most likely to affect change?
A
Work to get a new President elected in the next election.
B
Nothing. It's hopeless
C
March to Washington to protest.
D
Ask the Supreme Court to fire the President
*select an answer for all questions
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