Wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

NV Our Home: Chapter 11, Lesson 2

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

The United States produces and sells goods using what system?

a)

free enterprise system

b)

free entrance supply

c)

supply and demand

d)

monopoly

2.

A person who owns or runs a company.

a)

employee

b)

enterprise

c)

employer

d)

labor union

3.

A person paid to do work for another person or company.

a)

employee

b)

enterprise

c)

employer

d)

labor union

4.

employment

a)

having a job

b)

having a headache

c)

to leave one country for another

d)

the study of how people use money

5.

The money left over after a business has paid all of its expenses. The goal of most businesses is to make this.

a)

monopoly

b)

demand

c)

supply

d)

profit

6.

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?

a)

supply and demand

b)

monopoly

c)

employers

d)

lay off

7.

When only one company sells a product or service they are said to have a _______________.

a)

profit

b)

monopoly

c)

lay off

d)

factors of production

8.

One thing that people in a company hope that they don't experience.

a)

a profit

b)

a lay off

c)

employment

d)

supply and demand

9.

When people do NOT have a job, they are said to be _______________.

a)

unemployed

b)

employee

c)

employer

d)

purchasing

10.

What three resources go into the making of any product or service?

a)

natural

b)

hippopotamus

c)

human

d)

capital

e)

delivery

11.

Which is NOT an example of a natural resource?

a)

soil

b)

trees

c)

energy

d)

money

12.

Which is an example of a capital resource that a newspaper company would use?

a)

a printing press (machine)

b)

labor

c)

energy

d)

trees

13.

Which is NOT an example of a human resource?

a)

teachers

b)

metal

c)

dentists

d)

pilots

14.

People that work together to make things better for workers.

a)

labor unions

b)

railroad companies

c)

monopoly

d)

economics

15.

The first labor union in Nevada was in what industry?

a)

mining

b)

education (teaching)

c)

engineering

d)

journalism (newspaper)

16.

People who make goods or products.

a)

producers

b)

employee

c)

employment

d)

profit

17.

All the resources that are involved in the making of any product or service.

a)

factors of production

b)

bike factory

c)

labor

d)

secretaries

18.

What is a really important part of a free market system? It helps drive prices down.

a)

competition

b)

employment

c)

labor

d)

factors of production

19.

The study of how people get the goods and services they need and want.

a)

economics

b)

goods

c)

services

d)

employment

20.

During the 19th century, many people worked under difficult conditions for very little money.

a)

true

b)

false