Unit 8 Mass Production/Types of Economies

Unit 8 Mass Production/Types of Economies

9th - 12th Grade

11 Qs

quiz-placeholder

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Unit 8 Mass Production/Types of Economies

Unit 8 Mass Production/Types of Economies

Assessment

Quiz

History

9th - 12th Grade

Easy

Created by

John Wylie

Used 1+ times

FREE Resource

11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the number one goal of division of labor and specialization?

To decrease labor

To increase productivity

To lower worker output

To increase costs of production

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Division of labor improves productivity by...?

Separating diligent workers from less motivated ones.

Comparing product markets with factor markets.

Increasing profit by encouraging competition.

Breaking down a big job into smaller tasks

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of the following is a fixed cost for a business?

Monthly rent for a restaurant

New tires for an auto shop

Wages for workers at the factory

Gas for a pizza delivery shop

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Computers, buildings, trucks, and hammers are which factor of production...?

Land

Labor

Capital

Entrepreneurship

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Automation refers to...?

Machinery replacing human labor.

Movies with cartoons instead of live actors.

Each worker focuses on a specific task.

Opportunity cost.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Who answers the three basic economic questions in a command economy?

Producers and Consumers

The Government

Wal-Mart

The Supreme Court

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not one of the four types of economies?

Traditional

Mixed

Market

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