Intro To Business-Chapter 1 Assessment Review

Intro To Business-Chapter 1 Assessment Review

9th - 12th Grade

45 Qs

quiz-placeholder

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Intro To Business-Chapter 1 Assessment Review

Intro To Business-Chapter 1 Assessment Review

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Lenora Manna

Used 27+ times

FREE Resource

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45 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Our needs and wants never end.

True

False

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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

True

False

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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

True

False

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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

True

False

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The US is an example of a command economy.

True

False

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The right of private property means you can own, use or dispose anything of value.

True

False

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In a market economy, the buying decisions are made by consumers.

True

False

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