
BE Modules 2.03 & 2.05 Test
Authored by Jayden Thorpe
Financial Education
9th - 12th Grade
Used 1+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The most common medium of exchange in modern economic systems is
barter
capital
credit
money
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One way that competition helps build a prosperous society is by
replacing small businesses with large ones
creating government legislation
creating new jobs
increasing the money supply
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Besides motivation, what does profit provide business owners in particular?
Determination
Satisfaction
Energy
Influence
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A hurricane that destroys a business is an example of a(n) __________ risk.
operational
financial
strategic
hazard
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What action do consumers take that determines what will be produced in a market economy?
Apply for jobs
Cast economic votes
Produce products
Comparison shop
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The act of reducing or removing risks by shifting the risk factor to another person or business is referred to as __________ risk.
retaining
transferring
avoiding
controlling
7.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Lack of economic growth is a major problem for __________ economic systems.
traditional
communist command
market
socialist command
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