Econ ALCOS 5-7 Review

Econ ALCOS 5-7 Review

12th Grade

40 Qs

quiz-placeholder

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Econ ALCOS 5-7 Review

Econ ALCOS 5-7 Review

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Hard

Created by

Joshua Odom

Used 9+ times

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40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The ___________ has peaks, contractions, troughs, and expansions.

Circular flow

Business Cycle

Economic Growth Chart

Monetary Policy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the healthy unemployment rate?

1%-3%

4%-6%

8%-10%

None of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of unemployment exists due to technology taking the place of people working.

Frictional

Structural

Cyclical

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business owned and operated by one person.

sole proprietorship

partnership

corporation

conglomeration

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A retired bus driver decides to look for a job due to the spike in inflation. What type of unemployment is this?

Frictional

Structural

Cyclical

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

The advantages of a sole proprietorship include which of these choices?

Easy start up

ease of management/flexibility

don't have to share profits

ease of getting out of business

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What are the disadvantages of a sole proprietorship?

Unlimited liability

Difficulty in raising financial capital

Size and efficiency

Limited managerial experience

Difficulty attracting qualified employees

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