Sports And Entertainment I ECONOMICS 2 Question Preview (ID: 5664)


MORE ECONOMICS FROM 3.01.

A gradual increase in leisure time activities and purchase of related merchandise occurs in which phase of the business cycle?
a) depression
b) prosperity
c) recession
d) recovery

Question ID#: 56788 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

What condition exists when Blockbuster does not have enough copies of a new video game to satisfy the demand of all its consumers?
a) demand
b) risk
c) scarcity
d) supply

Question ID#: 56789 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

Having a product where customers can buy it is an example of which form of utility?
a) information
b) place
c) Possession
d) Time

Question ID#: 56790 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

All materials used to produce goods and services are called:
a) capital
b) labor
c) resources
d) utilities

Question ID#: 56791 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

A system based on the way things have always been done describes what type of economy?
a) command
b) market
c) socialist
d) traditional

Question ID#: 56792 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

Which of the following is an example of a communist economy?
a) cuba
b) france
c) germany
d) spain

Question ID#: 56793 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

Which of the following is an example of a socialist economy?
a) cuba
b) germany
c) japan
d) north korea

Question ID#: 56794 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

Amy would prefer to buy the Sweet Home Alabama DVD when prices:
a) are high
b) are low
c) fluctuate
d) remain constant

Question ID#: 56795 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

The degree to which demand for a product is affected by its price is known as:
a) brand loyalty
b) elasticity
c) inelastic demand
d) utility

Question ID#: 56796 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

When a product is a necessity, demand is:
a) controlled
b) elastic
c) inelastic
d) mixed

Question ID#: 56797 - quick copy the above question directly into your dataset in your teacher account by entering this number into the 'Search by Question ID' under the 'Search for Question' tab during dataset creation [more info]

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