Understanding Key Economic Concepts
Authored by Quinn Thurston
Architecture
8th Grade
Used 2+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the measure of how efficiently goods are produced?
Mass Production
Productivity
Automation
Customization
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which process involves manufacturing huge numbers of the same product at a relatively low cost?
Customization
Automation
Mass Production
Supply Chain
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the process of building products to meet the specific needs of individual customers or groups of customers called?
Customization
Mass Production
Automation
Collective Bargaining
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a tax on imported goods known as?
Tariff
Supply Chain
Productivity
Automation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for a negotiating process used by workers and employers to determine employment conditions?
Automation
Collective Bargaining
Customization
Tariff
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the sequence of suppliers and processes that result in providing the product to the final customer called?
Supply Chain
Mass Production
Automation
Customization
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the automatic operation of machines and processes used to make products known as?
Customization
Automation
Mass Production
Productivity
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