Intro. to Economics Test Q1
Authored by Aura Vásquez
Geography, Social Studies, Business, Other
6th - 12th Grade
Used 1+ times
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17 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of a market?
To provide a place for buyers to spend time
To allow for the exchange of products
To provide jobs for sellers
To provide a method to raise government taxes
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In school it is important to learn about ______________________ because we are all involved in buying goods and services.
Economic System
History
Economics
Politics
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The employees at the hospital are considered __________________________________.
Factors of Production
Natural Resources
Human Resources
Capital Resources
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The central problem in economics is:
Government
Busineseses
Scarcity
Opportunity Cost
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Trucks and boats help with the __________________________ of goods.
Consumption
Production
Distribution
Factors of Production
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True/False: The economic systems of different countries are connected.
True
False
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which type of economy has the MOST government involvement?
communism
free-market
capitalism
socialism
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