Ch 11 Entrepreneurship and the Economy

Ch 11 Entrepreneurship and the Economy

9th - 12th Grade

15 Qs

quiz-placeholder

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Ch 11 Entrepreneurship and the Economy

Ch 11 Entrepreneurship and the Economy

Assessment

Quiz

Life Skills

9th - 12th Grade

Medium

Created by

Chanda Eager

Used 16+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Another name for "business" is

capital

economic system

exchange

enterprise

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not one of the fundamental questions of economics?

How are the goods and services produced?

What goods and services are to be produced?

Where are goods and services produced?

For whom are goods and services produced?

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which type of economic system do suppliers and consumers control production and price of goods?

market

mixed

command

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The United States is what kind of economic system?

socialist

communist

market

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a benefit of entrepreneurship for the local economy?

paying tariffs

hiring employees

joining a civic organization

paying taxes

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics is

a social science

the study of how people satisfy their needs and wants

the study of how economies work

all of the answers

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In economic terms, scarcity occurs when

not enough money is available for people to buy things

natural resources have been used up

there is not enough of a goods or services to meet the demand for it

too much money is chasing too many goods or services

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