Module VII quiz

If you are a farmer growing corn you are a...

• Good

• Entrepreneur

• Producer

• Service

A person who founded their own business is called a...

If you choose an orange over an apple the apple would be what?

• A good

• opportunity cost

• Comparison

Japan has a what economy

• Mixed

• Command

• Free

• Monarchy

What is something you can give someone but can not physically touch

• Good

• Service

• Consumer

• a basketball

If you walk out of a store with a bag of apples you are a...

• Entrepreneur

• Producer

• Consumer

• Customer

What type of Business invests in stocks

What is the name of the business where 2 people work together

• Partnership

• Corporation

• Entrepreneurship

What doles scarcity mean

• a lack of goods

• there is a lack of resources

• a lack of producers

• not a lack of anything

What is the amount of something called

• Supply

• Oranges

• Goods