Week 4 Free Market Economy

Week 4 Free Market Economy

9th - 12th Grade

14 Qs

quiz-placeholder

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Week 4 Free Market Economy

Week 4 Free Market Economy

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Medium

Created by

Jeremy Cahow

Used 597+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic freedom can include the ability to chose what to buy and the ability to work at the profession of your choice.

True

false

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A market is the concentration of the productive efforts of individuals on a limited number of activities.

false

True

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A trade off is the act of giving up one benefit in order to gain another great benefit.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Trade offs only involve things that can be measured such as time and money.

true

false

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The least desirable alternative somebody gives up as a result of a decision is the opportunity cost.

true

false

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

A market is any arrangement that allows buyers and sellers to exchange things.

true

false

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Specialization is the concentration of the productive efforts of businesses and individuals on a limited number of activities.

true

false

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