American Economy

American Economy

9th - 12th Grade

31 Qs

quiz-placeholder

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American Economy

American Economy

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Medium

Created by

ARIANNE CAMPBELL

Used 3+ times

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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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