Chapter 1 -2 Economic Decisions and Systems Review Part 1

Chapter 1 -2 Economic Decisions and Systems Review Part 1

10th Grade

19 Qs

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Chapter 1 -2 Economic Decisions and Systems Review Part 1

Chapter 1 -2 Economic Decisions and Systems Review Part 1

Assessment

Quiz

Business

10th Grade

Practice Problem

Medium

Created by

Therese Tolley

Used 12+ times

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19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An enterprise that provides goods and services for payment is a

Social Service Organization

Personal Investment

Business

Government Agency

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are examples of natural resources?

A plumber and their truck

Equipment and tools

Buildings and workers

Water and natural gas

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not one of the 3 questions that societies must answer to solve the economic problem?

For whom should it be produced?

When should it be produced?

How should it be produced?

What must be produced?

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Goods and services get produced by

consumers through the 2 factors of production

businesses through labor

consumers through labor

businesses through natural, human and capital resources

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are needs

Shirt

Beach vacation property

Water

Banana

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are wants

Bugatti

Red Bull Energy Drink

Nike Air Jordans

Vacation to the beach

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which is an example of a service?

Mechanic sealing a tire leak

A computer playing a game

A car race

The plumber repairing a leaky faucet

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