Scarcity, decision making, allocation, and incentives

Scarcity, decision making, allocation, and incentives

11th - 12th Grade

20 Qs

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Scarcity, decision making, allocation, and incentives

Scarcity, decision making, allocation, and incentives

Assessment

Quiz

Social Studies

11th - 12th Grade

Practice Problem

Hard

Created by

Evelyn Moore

Used 57+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What drives businesses towards action that increases wealth?

profit

shareholder satisfaction

satisfies employees

market share

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Love is an example of what type of incentive?

Monetary

Personal

Tangible

Non-monetary

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which group do incentives influence to change their behavior?

Buyers

Sellers

Both buyers and sellers

None of these answers.

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In the PACED Decision-Making Process, you evaluate alternatives based upon what?

Money available

Criteria identified

Peer pressure

Needs and wants

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which step in the PACED Decision-Making Process are you using when you list what you want to accomplish?

Identify the problem

Evaluate the alternative

Make a decision

Identify the criteria

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the "P" in the PACED Decision-Making Process stand for?

Implement the program

Identify the problem

Identify the procedures

Make a plan

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In what type of economy allocation do government officials determine how to produce goods/services?

Government

Command

Market

Traditional

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