Consumer Communications - Semester 1 Exam Review - A

Consumer Communications - Semester 1 Exam Review - A

9th Grade

25 Qs

quiz-placeholder

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Consumer Communications - Semester 1 Exam Review - A

Consumer Communications - Semester 1 Exam Review - A

Assessment

Quiz

Business

9th Grade

Medium

Created by

Jennifer Evans

Used 8+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The first step in the economic decision-making process is to evaluate the advantages and disadvantages of each choice.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your needs and wants never end.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Products and money used in the production of goods and services are called natural resources.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The mismatch of unlimited wants and needs and limited economic resources is called the basic economic problem.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The United States could best be characterized as a command economy.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Inflation can sometimes occur when the demand for goods and services is greater than the supply.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Some nations have such abundant resources that they never experience economic bad times.

True

False

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