Econ Pre-Test

Econ Pre-Test

9th - 12th Grade

14 Qs

quiz-placeholder

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Econ Pre-Test

Econ Pre-Test

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Medium

Created by

Isai Bonilla

Used 3+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a principle of free enterprise?

Government control of all businesses

Private ownership of property

Centralized economic planning

Fixed prices set by the government

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes an entrepreneur?

A person who works for a large corporation

A person who starts and runs their own business

A government official who regulates businesses

A consumer who buys products

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a benefit of creating a budget?

Encourages impulsive spending

Helps track income and expenses

Increases financial uncertainty

Reduces savings

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a free enterprise system, what motivates businesses to improve products and services?

Government regulations

Consumer demand and competition

Fixed pricing

Centralized planning

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a free enterprise system, who determines what goods and services are produced?

The government

Consumers and producers

International organizations

Central banks

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main goal of saving money?

To increase debt

To prepare for future financial needs

To spend on non-essential items

To avoid paying taxes

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in financial planning?

Investing in stocks

Setting financial goals

Taking out a loan

Spending money on luxury items

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