First Quarter EOQ Review.2 Question Preview (ID: 33110)


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This religion is Polytheistic? Which one is it?
a) Hinduism
b) Buddhism
c) Christianity
d) Islam

Goods that are shipped and sold outside the country
 are called
.
a) Imports
b) Quotas
c) Exports
d) Goods

In this economy, the government produces everything!
a) Command economy
b) Market Economy
c) Traditional Economy
d) Mixed Economy

In this economy, the consumers hold ALL the POWER!
a) Market Economy
b) Command Economy
c) Traditional Economy
d) None of the above

In this economy bartering is the main way to obtain goods and services.
a) Market Economy
b) Mixed Economy
c) Traditional Economy
d) Command Economy

Citizens elect leaders to govern and pass laws on their behalf and it is also called a republic.
a) Direct Democracy

b) Constitutional Monarchy
c) Oligarchy
d) Representative Democracy

Goods brought into a country
a) Imports
b) Exports
c) Goods
d) Quotas

The study of how we make our money, use our
 resources, and how things are bought sold.
a) Economics
b) Culture
c) Marketing
d) Finances

A resource that will never run out regardless of how much we use are called
a) Natural Resources
b) Quotas
c) Renewable Resources
d) Unlimited Resources

An improvement to an existing product, or a new method or new way of doing something.
a) Imports
b) Production
c) Exports
d) Innovation

If the people are unhappy with their President, which way is the most likely to affect change?
a) March to Washington to protest.
b) Ask the Supreme Court to fire the President
c) Work to get a new President elected in the next election.
d) Nothing. It's hopeless

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