Chapter 17-2 Review

Chapter 17-2 Review

11th - 12th Grade

8 Qs

quiz-placeholder

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Chapter 17-2 Review

Chapter 17-2 Review

Assessment

Quiz

Social Studies

11th - 12th Grade

Hard

Created by

Jayshua Eckelberry

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Breaking a big job into smaller jobs is known as...

Division of Labor

Specialization

Productivity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A measure of how efficiently resources are used to create products.

Division of Labor

Specialization

Productivity

Product Market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Concentrating on the goods and services produced most efficiently.

Factor Market

Specialization

Division of Labor

Productivity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where do people sell their labor in the circular flow of economic activity?

Business Sector

Consumer Sector

Factor Market

Product Market

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Select the ways that human capital can be improved.

Education

Training

Experience

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do governments PRIMARILY get the money they need to operate?

Charging fees for goods and services.

Collecting taxes and borrowing money.

Selling goods in the factor market.

Selling services in the product market.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consumers participate in only the factor market.

True

False

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Factories are the link between businesses and consumers.

True

False