Final Exam

Front

Which of the following is an example of a WANT: Xbox, Computer, Water, Ice Cream?

Back

Water

Front

Which of the following is an example of a NEED: Food, Water, Shelter, All of the above?

Back

All of the above

Front

Which of the following is an example of a SERVICE: Mowing a lawn, Car tire, Computer, Backpack?

Back

Mowing a lawn

Front

Fruits/vegetables is an example of which kind of market structure?

Back

Perfect Competition

Front

Tech is an example of which kind of market structure?

Back

Oligopoly

Front

Fast food is an example of which kind of market structure?

Back

Monopolistic Competition

Front

Electricity is an example of which kind of market structure?

Back

Monopoly

Front

What is the main incentive to start a business?

Back

Profit

Front

Which of the following is NOT one of the three stages of the economy? Expansion, Peak, Recession, Trough

Back

Trough

Front

Which of the following is a goal of the United States economy? Low unemployment, Price stability, Economic growth, All of the above

Back

All of the above