free enterprise

free enterprise

10th - 12th Grade

15 Qs

quiz-placeholder

Similar activities

Applied Economics Quiz

Applied Economics Quiz

12th Grade

20 Qs

Thai Festival

Thai Festival

6th - 10th Grade

10 Qs

The Industrial Revolution in the United States

The Industrial Revolution in the United States

10th Grade

10 Qs

Social 10 Unit 1

Social 10 Unit 1

10th Grade

14 Qs

2L's - Street Law Chapter 5 - The Court System

2L's - Street Law Chapter 5 - The Court System

10th Grade

15 Qs

Venus N/A Marano

Venus N/A Marano

10th Grade

20 Qs

เศรษฐศาสตร์

เศรษฐศาสตร์

12th Grade

10 Qs

La Revolución Tecnológica Quiz

La Revolución Tecnológica Quiz

10th Grade

16 Qs

free enterprise

free enterprise

Assessment

Quiz

Social Studies

10th - 12th Grade

Practice Problem

Medium

Created by

Jacob Dawson

Used 202+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The money left after production costs are subtracted from revenue is called

free rider

profit

subsidy

scarcity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who chooses to, and is free to, open a grocery store is participating in a

command economy

centrally-planned economy

free enterprise economy

traditional economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most people are inspired to start a business by the

free contract clause

marginal benefit

open opportunity clause

profit motive

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of producers?

Make the product

Buy the product

to carry out a government economic program

to increase the profit of other established retail stores

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is an example of competition changing the marketplace?

a chain bookseller forcing many individual booksellers to go out of business

a chain hot dog restaurant failing to make a large profit

a chain coffee shop having no effect on individual coffee shops

a chain restaurant expanding its menu to include desserts

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Free contract means that people can chose

for themselves what legal agreements to enter into

for themselves what positive externalities to support

to enter and compete in the marketplace

to enter into open opportunities

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The incentive to improve material well-being by seeking to gain from economic activities is called

legal equality

marginal benefit

open opportunity

profit motive

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?