Intro to Business: Semester Exam Review

Intro to Business: Semester Exam Review

KG - University

54 Qs

quiz-placeholder

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Intro to Business: Semester Exam Review

Intro to Business: Semester Exam Review

Assessment

Quiz

Business

KG - University

Hard

Created by

Deda Rush

Used 21+ times

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54 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of the following is an economic need?

a new TV
water
concert tickets
a laoded SUV

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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People producing goods & services are called

human resources
natural resources
capital resources
limited resources

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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If everybody had an unlimited supply of economic resources, which would not exist?

wants
capitalism
scarcity
needs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Every nation must decide

what combination of resources will best suit its circumstances
which wants & needs are most critical
which goods & services to produce
all of these

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Another name for the economic system in the United States is

private enterprise
capitalism
free enterprise
all of the these

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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The rivalry among businesses to sell their goods & services is known as 

competition
entrepreneurship
capitalism
cornering the market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

GDP does NOT include

consumer spending for food
the value of the work you do for yourself
gov't spending to pay employees
business spending for equipment

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