
Unit 2 Quiz 1

Quiz
•
Social Studies
•
9th - 12th Grade
•
Easy

August H
Used 5+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the Circular Flow of Economic Activity, which of the following does households pay to the government?
Income Taxes
Resources
Revenue
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following correctly defines microeconomics?
Analyzes market behavior of individuals and firms in order to understand their decision-making processes.
Analyzes market behavior of the government in order to understand their irrational decision-making process.
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
This type of business organization has one owner, unlimited liability, limited lifespan, and single taxation.
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
This type of business organization has two or more owners, unlimited liability, limited lifespan, and single taxation.
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Which type of business has many individuals involved, limited liability, unlimited lifespan, and double taxation?
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