Unit 1 Review - Economic Decisions and Systems
Authored by Austin Klumpe
Business
9th - 12th Grade
Used 21+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
37 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Your needs and wants never end.
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The mismatch of unlimited wants and needs and limited economic resources is called the basic economic problem.
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The United States could best be characterized as a command economy.
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The right of private property means you can own, use, or dispose of things of value.
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
In a market economy, buying decisions are made by consumers.
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
If heavy competition for a product keeps its price low, businesses will be very motivated to offer the product for sale.
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
If many consumers want a particular service, its price will probably go up.
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
