WorksheetsMacroeconomics Review
Total questions: 13
Worksheet time: 7mins
Which of the following is an example of a natural resource? Choose the best answer.
Wood (forests)
Cars
Toothpaste
Backpacks
What do you call a person who starts a business? Choose the best answer.
Investor
Realtor
Entrepreneur
Economist
Which of the following is NOT an example of a currency?
KardashianKoin
Euro
Japanese Yen
Mexican Peso
Which of the following groups has the most control in a command economy?
Private companies
Consumers
Charities
The government
What usually determines what is produced in a market economy?
What people need and want
What government leaders decide should be produced
If supply of apples has fallen because of a worker shortage, and demand for apples has stayed the same, what will most likely happen to prices of apples?
Prices will increase
Prices will decrease
The Diamondbacks start winning a lot. What would most likely happen to their ticket prices?
The ticket prices will increase
The ticket prices will decrease
Which of the following finished items is going to have an import tariff on it in the United States?
A car assembled in Turin, Italy
Grapes grown in Delano, California
Computer chips made in Chandler, Arizona
A plane assembled in Everett, Washington
What's an embargo?
A tax on an import
An agreement between countries to have free trade between them
A type of currency
A complete ban on trade between countries
When businesses earn more revenue than the amount of money they spent as a business, it is called...
Debt
Fraud
Profit
Operating costs
Which of the following is an example of globalization?
Toyota cars being sold in the US
A KFC location in Tennessee
Germany and Belgium are both in the European Union. What will happen to a new car made in Germany when it is transported to Belgium?
It will face a tariff
There won't be a tariff
Picture a gas station next to a highway. It is the only gas station for 50 miles. How might this affect prices?
Their prices will be low, because people don't have many choices
Their prices may be higher, because people with cars that need gas don't have much of a choice
