
Marketing Semester Test Review Unit 4
Authored by Chris Dorman
Other
11th - 12th Grade
Used 12+ times

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30 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The economic resource that consists of everything in its natural state - coal, oil, water
Land/Natural
Labor/Human
Capital
Entrepreneurship
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The economic resource that consists of all the people who work in the economy.
Land/Natural
Labor/Human
Capital
Entrepreneurship
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The money & equipment needed to operate a business.
Land/Natural
Labor/Human
Capital
Entrepreneurship
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The person who is willing to risk their time and money to run a business.
Land/Natural
Labor/Human
Capital
Entrepreneurship
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The economic concept that people/nations have unlimited needs & wants but limited resources.
Scarcity
Marketing
Consumerism
Industrialization
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In this economic system consumers decide what will be produced (Capitalism/USA).
Market Economy or Free Enterprise
Command Economy or Communism
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In this economic system the government controls all the factors of production.
Market Economy or Free Enterprise
Command Economy or Communism
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