Econ Chapter 4
Social Studies
11th Grade
Used 13+ times
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35 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The part of an economy that is owned by individuals and is operated for their personal benefit
private sector
public sector
competition
private enterprise
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The giving of one thing in return for some other thing
competition
private good
exchange
market
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The part of an economy that is owned by and operated for the benefit of the whole society
private goods
private enterprise
private sector
public sector
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Individuals who take the risk of producing a product for a profit
competition
entrepreneurs
private owners
private goods
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A system in which individuals take the risk of producing goods or services to make a profit
public enterprise
private enterprise
public good
private good
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Costs or benefits passed on outside of the market place
enterprise
exchange
externalities
goods
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The rivalry between two or more parties to gain benefits from a third party
rivalry
exchange
entrepreneurs
competition
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