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Mr.Backe's Econ Quiz

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

What is Free Trade?

a)

Trade of two free items

b)

Trade without tax

c)

Trade without tariffs

d)

Trade between people from the free world

2.

What is Contraction

a)

When you close your eyes

b)

When you miss your opportunity to make profit

c)

An economic downturn

d)

An economic upswings

3.

What is profit?

a)

Money gained after paying all expenses

b)

A loss of money

c)

A camp full of monkeys around a fire

d)

A bag of cold hard cash

4.

What is speed-to-market?

a)

How fast a person can run to the store

b)

How fast a truck taking groceries to be sold can arrive

c)

The speed at which a city block can be transformed into a market

d)

The amount of time a concept takes to hit the open market

5.

Demographics

a)

Data about people and their decisions

b)

The study of Great Apes such as Chimpanzees

c)

People Watching

d)

Hunting for answers by searching databases

6.

Do nonprofits keeps their profits?

a)

Yes

b)

No

7.

What is capital?

a)

The materials a company uses to produce a product

b)

The amount of a product a company has

8.

What does the word "Pure" mean in business

a)

Companies that have very different products

b)

Companies that have very similar products

c)

Companies that function with a good intent

9.

Budget Surplus

a)

When a company ends up with less money than it projected

b)

When a company has extra money than it thought it would

10.

What is macroeconomics?

a)

Macro is economics on a large scale such as countries and the world in general

b)

Macro is economics on a large scale such as countries and the world in general

11.

What is Human Resources?

a)

People who buy and sell others

b)

Those who work with people within a company to help everything run smoothly

12.

What is unemployment rate?

a)

The amount of people working

b)

The amount of people not working

13.

What is E-Commerce

a)

Buying and selling capital E's

b)

Buy and Selling online over the WWW

14.

What is Federal Debt

a)

The amount you owe the government

b)

The amount the government owes to the rest of the world

c)

Debt we have as a nation

15.

What are two pure companies

a)

KFC and Gander Outdoors

b)

Pepsi and Coke

c)

Lululemon and GAP