CE.12 Quick Check

Consumer sovereignty means

• Government gets what they want

• Producers get what they want

• Consumers can't get what they want

• Consumers can get what they want

Who has the right to own private property as well as the means of production in the US.

• Government

• Individuals & Businesses

These are your earnings after all expenses have been paid.

Income-Expenses =

• Scarcity
• Competition
• Profit
• Choice

Tags

CCSS.6.NS.C.5

people starting new businesses and creating new products

• standard of living

• disposable income

• profit motive

• entrepreneurs

If a store has too much of something, what do they do with the price?

• price drops

• price stays the same

• price increases

• price triples

Tags

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.7.3

CCSS.RI.8.3

Demand means

• the amount of a good or service that consumers are willing to buy.

• is the amount of a good or service produced.

• is the price that is demanded by consumers.

Income minus expenses equals a business'...

• Scarcity

• Competition

• Profit

• Choice

Tags

CCSS.6.RP.A.3B

Who has the right to own private property as well as the means of production in the US.

• Government

• Individuals & Businesses

We made too many pizzas! Now the price will...

• Increase

• Decrease

• Equilibrium

• Floor

Which coin is a quarter?

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