American Economy

Quiz
•
Social Studies
•
9th - 12th Grade
•
Medium
ARIANNE CAMPBELL
Used 3+ times
FREE Resource
31 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
resources necessary to produce goods and services
consumer sovereignty
factors of production
consumerism
labor
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
people starting new businesses and creating new products
standard of living
disposable income
profit motive
entrepreneurs
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
abilities that workers contribute to production of goods and services
specialization
factors of production
labor
consumer sovereignty
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
measure of the availability of the necessities and luxuries that make life easier
consumerism
profit motive
product markets
standard of living
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
markets where producers sell goods and services
consumerism
consumer sovereignty
product markets
standard of living
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
concentration on goods or services that one can produce better than anyone else
specialization
standard of living
disposable income
profit motive
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
role of the consumer as ruler of the market when determining goods or services produced
profit motive
consumer sovereignty
factors of production
disposable income
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