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Chapter 3 Review Econ

Authored by Kayle Gerchman

Social Studies

11th Grade

Used 9+ times

Chapter 3 Review Econ
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35 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People have the right to choose their jobs & business gets to make their own decisions

Competition

Private Property

Economic Freedom

Self-Interest

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People & Business can buy & sell their property as well as ban others from using it

Economic Freedom

Private Property

Competition

Self-Interest

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This feature of Free Enterprise creates rivalries between business to attract/gain business and pushes businesses to create new and better products.

Self-Interest

Profit Motive

Voluntary Exchange

Competition

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This feature of Free Enterprise includes consumers & producers willingly buying and selling goods.

Voluntary Exchange

Self-Interest

Profit Motive

Economic Freedom

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This feature of Free Enterprise includes the desire for profit and improving material well-being

Self-Interest

Economic Freedom

Voluntary Exchange

Profit Motive

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT part of the government stabilizing the economy.

Controlling the goods made

Promoting steady Growth

Keeping prices stable

Keeping unemployment low

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The driving force behind people going into business is

profit margin
profit motive
opportunity cost
taxes

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