Review for SSEF1-SSEF4 Assessment 2

Quiz
•
Other
•
12th Grade
•
Easy
Ariel Taylor
Used 1+ times
FREE Resource
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The resources used by humans to produce goods and services are known as
capital
labor
resources
Knowledge
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Government agencies conduct regular inspections of restaurants to ensure compliance with health and food safety standards. How does this impact the operational costs of the restaurants?
Restaurants may lower food prices as a result of using less expensive ingredients to comply with regulations.
They may increase prices to offset the expenses associated with adhering to the regulations.
Inspections lead to higher productivity, resulting in more food being produced.
Regulations have no impact on the operational costs of restaurants.
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
If Daniel's Construction Co. purchases land, rents out several cement trucks, and hires 400 construction workers and 50 managers, then the cement trucks represent...
Labor
Capital
Land
Entrepreneurship
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What does a production possibilities curve illustrate?
the trade-offs between different goods that can be produced
the maximum output of a single good
the resources available to society
the impact of technological advancements on production
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
In the production of chocolate chip cookies sold in the commercial market, which represents the factor of labor?
the worker who mixes the dough
the sugar used in the cookies
the factory where the cookies are produced
the truck that delivers the cookies
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
In a country where individuals have the freedom to choose their jobs, purchase goods, and set prices, what type of economic system is being described?
Market
Command
Traditional
Mixed
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The factors of production are
Human resources, natural resources, capital resources, and time
Human resources, natural resources, capital resources, and entrepreneurship
Consumption, Investment, Government Spending, and Net Exports
Land, labor, capital, time
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