Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Economics Review
Test Description: Economics Review
Instructions: Answer all questions to get your test result.
1) A tractor is an example of what type of resource?
A
Entrepreneurship
B
Human
C
Capital
D
Natural
2) Bodie works at the local Guitar Center. He gives electric guitar lessons. Bodie is an example of -
A
an entrepreneur
B
the next Eddie Van Halen
C
a human resource
D
a natural resource
3) Which of the following is not an effect of scarcity?
A
Price of scarce products increases
B
Consumers
4) Porter owns a candy store and wants to sell as many chocolates as possible before the end of the year. The economic principle he would use is -
A
Production
B
Opportunity Cost
C
Incentives
5) The consumer is most important in what economic system?
A
Mixed
B
Free
6) Individuals, government, and businesses make economic decisions in which economic system?
A
Command
B
Traditional
C
Mixed
D
Free Market
7) What type of economic system does the United States have?
A
Free Market
B
Mixed
C
Command
D
Mixer
8) Which is not one of the three basic questions that all societies must answer?
A
Who will produce it?
B
How much will the product cost?
C
What will be produced?
D
For whom will it be produced?
9) Based on historical precedent
A
Mixed
B
Traditional
C
Command Economy
D
Free Market
10) Who has the most influence in a free market economic system?
A
Consumers
B
s
C
Producers
D
A Dictator
11) In a mixed economy, the government is in charge of which sector?
A
private
B
public
12) What does the government collect from consumers in order to pay for public services?
A
Interest
B
A Dozen Hostess Cup Cakes
C
Stamps
D
Taxes
13) Borrowing money from a bank
A
Deposit
B
Withdrawl
C
Loan
14) Businesses use their profits to buy more -
A
Resources
B
Goods and Services
C
Boxes of Hostess Cup Cakes
D
taxes
15) Earnings a business has left after all its expenses have been paid
A
wages
B
profit
*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?