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Chapter One Review

Authored by Michael Gandy

Business

9th - 12th Grade

Used 3+ times

Chapter One Review
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26 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of these is NOT one of the 3 main resources?

money

labor

exchange

materials

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The simple rule that businesses and consumers should follow is always to fulfill your wants before your needs.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Businesses can tell if consumers are liking what they are making and selling through how much profit they are making.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Consumers wants and needs never change.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is our biggest economic problem in society?

Unlimited Resources

Limited resources

Labor Shortages

Internet Fees

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

An individual who buys goods and services from businesses.

Consumer

Producer

Services

Businesses

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Work that businesses perform for consumers

Services

Goods

Economic Activity

Profit

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