Economic Terms Quiz

What is a person who purchases goods called?

• Importer

• Consumer

• Producer

• Exporter

What is the term for a system in which businesses operate with minimal government involvement?

• Plantation

• Mill

• Manufacturing

• Free Enterprise

What is the term for the production of items in large numbers for sale or trade?

• Manufacturing

• Distinct

• Flatboat

• Export

What is a large farm where cash crops are grown on behalf of the person who owns the land called?

• Locomotive

• Consumer

• Producer

• Plantation

What is a railroad engine called?

• Flatboat

• Locomotive

• Free Enterprise

• Mill

What is the term for the process of selling goods to another country?

• Import

• Export

• Manufacturing

• Consumption

What is the term for a business that transforms raw materials into finished products?

• Consumer

• Exporter

• Manufacturer

• Importer

What is the term for a large boat used to transport goods on rivers and canals?

• Locomotive

• Flatboat

• Plantation

• Free Enterprise

What is the term for the process of buying goods from another country?

• Export

• Import

• Manufacturing

• Consumption

What is recognized as being different from something else?

• similarity
• uniformity
• distinct

• conformity