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Economics II
Test Description: Economic terms
Instructions: Answer all questions to get your test result.
1) A plan listing income and expenses
A
barter
B
business
C
boycott
D
budget
2) Education and Training affect this
A
barter
B
boycott
C
production
D
all of the above
3) Jobs in an area due to resources
A
unemployment
B
common careers
C
employer
D
salary
4) The amount of goods or service produced in a given period of time
A
barter
B
profit
C
salary
D
productivity
5) This is the choices a person makes on their use of money and resources
A
taxes
B
personal spending
C
worker
D
employee
6) This is a crop grown to be sold for a profit
A
fur trade
B
crop rotation
C
planation
D
cash crop
7) The act of trying to win or gain something from others
A
cooperation
B
consolidation
C
conquistador
D
competition
8) Use natural resources, money, and knowledge to produce goods and services
A
employee
B
employer
C
employment
D
economy
9) Export
A
To send goods to other countries for sale or use
B
impressment
C
rise in cost
D
To bring goods in from other countries
10) A rise in the usual price of goods and services
A
production
B
inflation
C
taxation
D
discrimination
*select an answer for all questions
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