
Marketing Unit Two - Economics, Business, and Society
Authored by Karen Bear
Business
11th - 12th Grade
Used 2+ times

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65 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In order to compete effectively, it is important to learn as much as possible about your competitor’s marketing strategies.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Our government generally makes decisions of how much of a product will be produced.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The person credited with founding capitalism is Adam Smith who wrote Wealth of Nations.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A private enterprise economy is heavily regulated by government.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The main goal in socialism is to meet basic needs for all and to provide employment for many.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Law of Economic Utilization states that there are limited resources and unlimited needs and wants.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A large supply of a product will usually cause consumers to place a lower value on it.
True
False
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