WorksheetsPOBF 5.01-5.02
Total questions: 12
Worksheet time: 6mins
A business that begins selling winter holiday decorations in late autumn is creating what type of utility?
time
place
form
possession
One factor that might limit the human resources available for certain jobs is a/an:
organize training program
appealing company image
good safety record
inadequate pay level
A major characteristic of a market economy is which type of ownership of property?
monopolistic
limited
government
private
Which change provides the most time utility for a consumer?
staying open for business on the weekend
arriving at a product trade show early
shopping for a product in the morning
asking for early delivery of a product
Countries whose governments provide citizens with free medical care, education, and other benefits often are referred to as which type of state?
military
capitalist
consumer
welfare
The basic role of the United States government is to:
limit business startups
maintain control of prices
increase production
protect US citizens
Which group of words best describes wants?
limited, changing, and compensating
unlimited, changing, and competing
limited, unchanging, and competing
unlimited, unchanging, and compensating
In a private enterprise economic system, the interaction of supply and demand primarily determines:
government regulation
economic choices
the extent of pollution
product prices
Which is an external factor that affects market price?
locations of items in store
consumer buying power
number of items in stock
available credit terms
Which is a problem associated with communist command economies?
There is no competition
there are high taxes
supply & demand control what will be produced
individuals run the risk of losing their businesses
When prices increase, producers usually:
increase demand
decrease supply
increase supply
decrease profits
A local dry cleaner that also launders and presses shirts is selling:
industrial supplies
specialty goods
tangible items
consumer services
