Unit 8, Quiz 2
Quiz
•
Social Studies
•
5th Grade
•
Practice Problem
•
Easy
Shannon Schwering
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is NOT a benefit of the Free Enterprise System?
Competition among businesses
All of society controls production of goods
Owners, investors, and employees receive the profits
People can choose their jobs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who works for a business
investor
entrepreneur
owner
employee
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the person who takes on the risk of starting a business
owner
employee
investor
competition
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
People who put money into a business to make a profit
employees
investors
owners
workers
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In America's Free Enterprise system, which of the following has the greatest effect on the prices of goods?
government
commercials
competition among sellers
quality of the product
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
__________ is when a person or group becomes an expert in a certain subject or skill.
Market Economy
Specialization of Labor
Industrialization
Entrepreneur
7.
CATEGORIZE QUESTION
3 mins • 1 pt
Decide if the scenarios will increase or decrease the demand of products.
Groups:
(a) Increase
,
(b) Decrease
Squishmallows drop their prices to $10
50% off Apple products
shampoo makes hair fall out
pickles causes nightmares
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