IntroductiontoBusinessQuiz2

Economic system where government controls everything.

• Market
• Command
• Mixed
• Free Enterprise

Economic System where there is limited technology and ideas are passed down from generation to generation

• Command
• Traditional
• Mixed
• Market

Type of Economy that is half command and half market

• Traditional
• Command
• Market 
• Mixed

Capitalism is most closely related to which type of economic system?

• Command

• Traditional

• Free Enterprise

• Mixed

Which of these jobs is involved in production?

• Secretary
• Factory worker
• Truck driver
• Zoo keeper

What is consumption?

• How a good is moved
• How a good is created
• How a good is used
• How a good is destroyed

A not-for-profit business exists to achieve some goal other than profit.

• the American Cancer Society

• McDonald's

• Kellogg's

• FedEx Delivery Service

Inputs, such as natural resources, labor, capital, and entrepreneurship, are known as:

• elemetnal factors

• factors of production

• social factors

• political factors

As one of the factors of production, natural resources includes all of the following EXCEPT:

• farmland

• coal

• water

• machinery

As one of the factors of production, capital includes all of the following EXCEPT:

• tools

• machinery

• money

• equipment