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