Ch #3 Test Economics (A)

Ch #3 Test Economics (A)

10th Grade

20 Qs

quiz-placeholder

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Ch #3 Test Economics (A)

Ch #3 Test Economics (A)

Assessment

Quiz

Social Studies

10th Grade

Hard

Created by

C. L. McMillan

Used 5+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the rivalry among sellers to attract customers while lowering costs

Profit Motive

Competition

Open Opportunity

Business Cycle

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the force that encourages people and organizations to improve their material well being

Cash Transfers

Competition

Profit Motive

Gross Domestic Product (GDP)

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the total value of all final goods and services produced in a particular economy.

Gross Domestic Product (GDP)

Profit Motive

Cash Transfers

welfare

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the concept that people may decide what and when they want to buy and sell.

Free Contract

Public Disclosure Laws

Open Opportunity

Voluntary Exchange

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the study of the economic behavior and decision making of small units, such as individuals, families and businesses

Macroeconomics

Business Cycle

Microeconomics

Public Disclosure Laws

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

laws requiring companies to provide full information about their products.

Free Contract Laws

Public Disclosure Laws

Business Cycle

Public Laws

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the study of the behavior and decision making of entire economies.

Microeconomics

Open Opportunity

Macroeconomics

Public Disclosure Laws

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