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Bodamer Economics Chapter 3

Authored by Dave Bodamer

Social Studies

11th - 12th Grade

Used 22+ times

Bodamer Economics Chapter 3
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The concept that people may decide what agreements they want to enter into.

Free Contract

Free Rider

Open Opportunity

Private Sector

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The rivalry among sellers to attract customers while lowering costs.

Competition

Profit Motive

Open Opportunity

Free Contract

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Macroeconomics

Microeconomics

Business Cycle

Public Interest

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The part of the economy that involves the transactions of the government.

Public Sector

Free Rider

Private Sector

Public Interest

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An income level below that which is needed to support families.

Poverty Threshold

Welfare

Gross Domestic Product

Competition

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Government aid to the poor.

Welfare

Poverty Threshold

Free Rider

Profit Motive

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The force that encourages people and organizations to improve their material well-being.

Profit Motive

Competition

Private Sector

Public Interest

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