Economics 101

Economics 101

Multiple Choice

The study of the choices that people make to satisfy their needs and wants is called...

• Personal Finance

• Social Studies

• Economics

• Money Studies

Multiple Choice

The term "entrepreneurship" describes...

• the human effort that goes into production

• the organization and risk involved in business

• the money required to start a business

• none of the above

Multiple Select

Which of the following words are essential to an entrepreneur? (check all that apply)

• new

• better

• same

• improved

Multiple Choice

A franchise is a business that is...

• already established

• brand new

• that creates a new product

• handed down

Multiple Choice

The US economy is based on which system?

• Communism

• Socialism

• Capitalism

• Limited Market