VAVA First Semester Exam Review

VAVA First Semester Exam Review

11th - 12th Grade

15 Qs

quiz-placeholder

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VAVA First Semester Exam Review

VAVA First Semester Exam Review

Assessment

Quiz

Social Studies

11th - 12th Grade

Practice Problem

Medium

Created by

Vicki Stidham

Used 25+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the objects that fulfill the needs and wants of consumers?

Goods

Transactions

Resources

Goals

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these government policies pursues the economic goal of equity?

protecting consumers from fraud

providing welfare benefits

preventing monopolies

ending a recession

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is another term for a free-market system?

interventionism

communism

capitalism

socialism

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which describes a command economy?

designed to protect private property

run by the government

organized by producers and consumers

uses only free-market principles

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of a free-market system?

to allow consumers and producers to make their own decisions

to raise the standard of living for everyone in the country

to protect the conditions that enable specialization

to stimulate the growth of the gross domestic product

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is one way that technology can improve productivity?

Machines replace workers, reducing production costs.

Powerful machines are less dangerous to industrial workers.

Better methods of production allow workers to earn higher wages.

The assembly line enables more workers to participate in the production process.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do consumers benefit directly from greater productivity?

Older devices are replaced with new versions more and more quickly.

Fewer workers are needed to produce more goods and services

Goods and services are produced faster and can be sold more cheaply.

The amount of natural resources needed to sustain human wants and needs decreases.

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