Intro to Business - Chapter 2 Review

Intro to Business - Chapter 2 Review

9th - 12th Grade

•

32 Qs

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Intro to Business - Chapter 2 Review

Intro to Business - Chapter 2 Review

Assessment

Quiz

•

Business

•

9th - 12th Grade

•

Hard

Created by

Carly Bogue

Used 2+ times

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32 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Resources are the things necessary for making only what people need.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Every type of business needs labor resources to produce goods and provide services.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Entrepreneurial resources are different from labor resources.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Every society has enough productive resources to produce everything people want and need.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Two basic types of economic systems are a market economy and a demand economy.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of goods and services that producers will provide at various prices:

Supply

Demand

Command

Scarcity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The fact that there are limited resources to meet the unlimited wants and needs of a society describes:

Supply

Demand

Command

Scarcity

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