Chapter 7 & Chapter 8 Test
Authored by Brian Brown
Social Studies
11th - 12th Grade
Used 24+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To get a picture of a business’s overall expenses and profits, you should look at its
inventories.
depreciation
dividends.
income statement.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a factory pollutes a river, the resulting water pollution is an example of a ______
technological monopoly
public good
negative externality
neutral spillover effect
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
By promoting transparency, the government can improve _____
market efficiency.
economies of scale.
profit margins.
zoning.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A nonprofit organization that provides services to its members is called a
consumer co-op.
producer co-op.
market co-op.
service co-op.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Sherman Act, the Clayton Act, and the Federal Trade Commission Act were all designed to ______
ensure competition.
promote trusts.
create public goods.
extend mortgages.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following factors contribute to market failure?
adequate competition
knowledge of prices and opportunities
mobility of resources
inadequate competition
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A venture capitalist’s main goal is usually to
help individuals achieve their dreams.
help their communities.
get a good return on an investment.
teach entrepreneurs managerial skills.
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