3.2 Quiz

3.2 Quiz

10th Grade

10 Qs

quiz-placeholder

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3.2 Quiz

3.2 Quiz

Assessment

Quiz

Financial Education

10th Grade

Medium

Created by

Charles Sempkowski

Used 4+ times

FREE Resource

10 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

An __________ is a risk-taking individual in search of profits.

2.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

In a market, the __________ is the ruler by determining the goods and services produced.

3.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

An economic system with a combination of command, traditional, and market economies is known as a __________.

4.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

The national government plays the role of __________ by preserving marketplace competition.

5.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

An entrepreneur acts as __________ and spark plug, stimulating activity among forces or people.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The phrase “the customer is always right” is most often associated with what term?

entrepreneurship

consumer sovereignty

mixed economy

regulatory government

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In its role as a regulator, what is the government’s primary responsibility?

It takes a “hands-off” approach to business.

It tells businesses what to produce and what to sell.

It interferes with business only when it is profitable.

It establishes laws and rules to maintain competition.

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