NEW
Font size
S
M
L
XL
WorksheetsIntro to Business Final Review 2
Total questions: 15
Worksheet time: 8mins
Name
Class
Date
1.
The means through which goods and services are produced are called
a)
economic resources
b)
needs
c)
spending opportunities
d)
economic choices
2.
Employees can be considered a capital resource.
a)
true
b)
false
3.
The higher the price, the higher the producer's profits.
a)
true
b)
false
4.
The value of the next-best alternative that you did not choose is called a trade-off.
a)
true
b)
false
5.
The main cause of unemployment is reduced demand for the goods and services being provided by various workers.
a)
true
b)
false
6.
Higher borrowing would most likely cause a budget surplus for government.
a)
true
b)
false
7.
Advertising is any form of communication used to inform, persuade, or remind.
a)
true
b)
false
8.
The total amount owed by the federal government is called the budget surplus.
a)
true
b)
false
9.
Corporations may sell stock.
a)
true
b)
false
10.
In the United States, the labor force consists of all people above age 18 who are actively working or seeking work.
a)
true
b)
false
11.
All businesses must complete some marketing activities even if that is not their focus.
a)
true
b)
false
12.
Inflation
a)
is least harmful to people on fixed incomes
b)
causes the buying power of the dollar to increase
c)
generally occurs at the same rate from year to year
d)
can sometimes stimulate economic activity if it is relatively low
13.
An increase in GDP per capital means that an economy is in a recession.
a)
true
b)
false
14.
A well-run business should never need to borrow money.
a)
true
b)
false
15.
Some nations have such abundant resources that they never experience economic bad times.
a)
true
b)
false
Reset
