Quarterly Exam

Quarterly Exam

12th Grade

43 Qs

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Quarterly Exam

Quarterly Exam

Assessment

Quiz

Social Studies, Business

12th Grade

Practice Problem

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43 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Rational behavior means taking the ________________ steps to achieve a goal.

most popular

most moral

most efficient

most difficult

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

When individuals have goals to satisfy ourselves, it means our behavior is _________________.

primarily self-interested

selfish

only self-interested

justified

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Individualism in economics means ________.

we are self-reliant

we are lone wolves

we share characteristics of groups

we think, reason, and act for ourselves

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Who created the Labor Theory of Property?

Mises

Menger

Locke

Marx

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

The Labor Theory of Property states that we need to mix our labor with __________ to get new private property.

wood

natural stuff

unclaimed stuff

other people

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

In theory, private property owners have the right to __________ based on any reason.

exclude

preclude

intrude

include

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

One exception to the "right to exclude" in the U.S.A. occurs when private property is ____________.

closed to the public

open to the public

members only

actually public property

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