
Chapter 10 Exam
Quiz
•
Social Studies
•
12th Grade
•
Practice Problem
•
Medium
DIETER BOCK
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25 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which is an example of a human resource?
water
money
abilities
factories
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which term completes the list: traditional economy, command-oriented economy, Market-based economy, ________ economy
mixed
industrial
controlled
agricultural
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What's the best title for this description?
- Mismatch between production and society's needs
- Little incentive for high quality or innovation.
- Dishonesty and corruption among decision makers.
Traits of a traditional economy
Principles of the Free Enterprise System
Disadvantages of a Command Economy
The need for gov't regulations
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which is a basic economic question?
How can goods and services be improved?
For whom will goods and services be produces?
What do consumers do with the goods and services produced?
How much tax should there be on goods and services produced?
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which statement describes the problem created by scarcity?
Economic decisions result in losing the costs of other opportunities
People have wants and needs that cannot be fulfilled
Producers must decide between making goods and providing services
Innovations and technology make more efficient use of resources
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which is an example of PRIVATE property?
An area for music in a city park
An idea for a movie script
A government-run library
A cemetery for veterans
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which scenario describes consumer sovereignty influencing a company to stop making a product?
The materials to make the product become increasingly scarce.
The company still has leftover product after reducing its prices.
One of the product plants in closed down following a workers' strike.
Many newspapers refuse to run ads for the product.
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