NEW
Font size
S
M
L
XL
WorksheetsBusiness Quiz 1.1-1.2
Total questions: 15
Worksheet time: 6mins
Name
Class
Date
1.
Which is a principle in economics?
a)
People need only food and water
b)
People have unlimited needs, limited wants
c)
People have unlimited wants
d)
People have unlimited resources
2.
Which is NOT an example of a good?
a)
steel
b)
power
c)
automobiles
d)
aircraft parts
3.
Activities that are consumed at the same time they are produced are known as
a)
finite
b)
infinite
c)
services
d)
human resources
4.
Which would NOT be a business need for a Five Guys restaurant?
a)
potatoes
b)
power
c)
space
d)
e-commerce
5.
Which nation is poised to take over as the world's number 1 economy?
a)
Japan
b)
China
c)
South Korea
d)
Russia
6.
Which is NOT a renewable natural resource?
a)
timber
b)
oil
c)
water
d)
solar energy
7.
Which is an example of a capital resource?
a)
high-skilled professional staff
b)
mineral deposits
c)
building and land
d)
educational prerequisites
8.
In capitalism, who decides the price of goods for sale?
a)
the state
b)
company workers
c)
the market
d)
the C.E.O.
9.
Which majors offer the highest starting salaries for a 4-year degree?
a)
Engineering
b)
Accounting
c)
Psychology
d)
Agriculture
10.
The basic economic problem posits that
a)
as 1 want is met another replaces it
b)
as 1 want is met life loses meaning
c)
as 1 need is met 2 replace it
d)
as 1 need is met, 1 want goes away
11.
Which type of economy is one in which the government owns or controls the most major industries?
a)
Mixed system
b)
Capitalist economy
c)
Command economy
d)
Traditional economy
12.
Mr. Bravim's biggest pet peeve is
a)
tardiness
b)
cleanliness
c)
godliness
d)
foolishness
13.
One problem with human resources in the medical field is
a)
a shortage of hospitals in urban areas
b)
a shortage of primary care physicians
c)
a shortage of medical supply professionals
d)
a shortage of specialist physicians
14.
An example of a mixed economy is
a)
Sweden
b)
Hong Kong
c)
U.S.A.
d)
Japan
15.
An example of a traditional economy is
a)
Inuit of Northern Alaska
b)
Celebration, Florida
c)
Swiss Alps
d)
La Paz, Bolivia
Reset
