BUS MGT Ch 2 Economic Activity

BUS MGT Ch 2 Economic Activity

9th - 12th Grade

22 Qs

quiz-placeholder

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BUS MGT Ch 2 Economic Activity

BUS MGT Ch 2 Economic Activity

Assessment

Quiz

Business

9th - 12th Grade

Hard

Created by

Jean Wright

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22 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

_______________ is the market value of all final products produced in a country during a specific time period.

Standard of living

Annual sales

Product value

Gross domestic product

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The four components of GDP are consumer spending, business investment, government spending, and ___________

economic growth

net exports

net imports

inflation

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The _________ rate is the rate of change in prices calculated on a monthly or yearly basis.

inflation

deflation

interest

fixed income

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The __________ represents the cost of a loan and is expressed as a percent of the amount borrowed.

CPI

interest rate

principle

supply

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

___________ competition is a competitive advantage based on factors other than price.

Price

Perfect

Nonprice

Monopolistic

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Fiscal policy is the tax and spending decisions made by the president and ___________.

the Federal Reserve

the IRS

the Supreme Court

Congress

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

All of the people in a nation who are capable of working and want to work.

trough

business cycle

labor force

specialization

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