Another name for "business" is
Ch 11 Entrepreneurship and the Economy

Quiz
•
Life Skills
•
9th - 12th Grade
•
Medium

Chanda Eager
Used 16+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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