BusinessU Unit 2 Assessment Study Guide
Authored by Mr. Strickhart
Business
9th - 12th Grade
Used 21+ times
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49 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The study of how individuals and societies make decisions about resources, production, distribution, exchange, and consumption of goods and services, given unlimited and competing wants, and given the scarcity of resources is:
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The study of behavior and decision-making of individuals and businesses in an economy is:
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All the components needed for production including natural resources, labor, capital goods, and expertise are:
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The physical assets used to produce goods and services, including machinery, equipment, buildings, and tools are:
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The reality that people’s wants always exceed the resources available to fulfill those wants is:
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following occurs when the quantity demanded exceeds the quantity supplied?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The United States economic system is largely based on which of the following?
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