WorksheetsNV Our Home: Chapter 11, Lesson 2
Total questions: 20
Worksheet time: 10mins
The United States produces and sells goods using what system?
free enterprise system
free entrance supply
supply and demand
monopoly
A person who owns or runs a company.
employee
enterprise
employer
labor union
A person paid to do work for another person or company.
employee
enterprise
employer
labor union
employment
having a job
having a headache
to leave one country for another
the study of how people use money
The money left over after a business has paid all of its expenses. The goal of most businesses is to make this.
monopoly
demand
supply
profit
A toy becomes popular and there aren't enough to go around. As a result, the toy company raises the price of their popular toy. This is what?
supply and demand
monopoly
employers
lay off
When only one company sells a product or service they are said to have a _______________.
profit
monopoly
lay off
factors of production
One thing that people in a company hope that they don't experience.
a profit
a lay off
employment
supply and demand
When people do NOT have a job, they are said to be _______________.
unemployed
employee
employer
purchasing
What three resources go into the making of any product or service?
natural
hippopotamus
human
capital
delivery
Which is NOT an example of a natural resource?
soil
trees
energy
money
Which is an example of a capital resource that a newspaper company would use?
a printing press (machine)
labor
energy
trees
Which is NOT an example of a human resource?
teachers
metal
dentists
pilots
People that work together to make things better for workers.
labor unions
railroad companies
monopoly
economics
The first labor union in Nevada was in what industry?
mining
education (teaching)
engineering
journalism (newspaper)
People who make goods or products.
producers
employee
employment
profit
All the resources that are involved in the making of any product or service.
factors of production
bike factory
labor
secretaries
What is a really important part of a free market system? It helps drive prices down.
competition
employment
labor
factors of production
The study of how people get the goods and services they need and want.
economics
goods
services
employment
During the 19th century, many people worked under difficult conditions for very little money.
true
false
