
Business Essentials 2.04
Quiz
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Medium
Used 180+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Every society must develop a system for deciding how it will use its resources so that it can
Minimize risk
Meet people's needs
Prevent problems
Control production
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who answers the basic economic questions in a private economic system?
Government agencies
Influential citizens
Businesses and Individuals
Entrepreneurs and producers
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One of the results of freedom in the marketplace is that
Businesses use resources efficiently
People and businesses can own things of value
People can buy anything they can afford that can legally be sold
Government decides how to use an individual's private property
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Alex owns a guitar, several books, and a telescope. Alex's possessions are examples of
Private property
Economic resources
Capital goods
Equal distribution
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a benefit of the freedom to own private property:
It helps limit our economic choices
It encourages businesses to be cooperative
It encourages people to save and invest
It allows people to do anything they want to do
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The basic role of the United States government is to
Protect U.S. citizens
Maintain control of prices
Increase production
Limit business startups
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a private enterprise economic system, consumers can choose from a variety of products as a result of
The collection of taxes
Limited government control
Inflation
Competition
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