Worksheetseconomic quiz
Total questions: 10
Worksheet time: 7mins
Which of the following is a factor of production?
money
labor
profit
price
The economic concept of the "invisible hand" is The self-regulating nature of the (a) .
Inflation means
Fall in price
Rise in prices of one good
General rise in price level
Increase in wages only
Opportunity cost is the value of the next best alternative that is given up.
true
false
The role of goverment in mixed economies is to provide the balance between ____ _______ and regulation.
(a)
In a command economy, who makes the economic decisions?
consumers
buisnesses
goverment
non-profit orginizations
Economics studies how people use limited resources to satisfy unlimited wants.
true
false
Even if accessed electronically, a source is considered a (a) source if it was originally published in a book, newspaper, or magazine.
What does a good posture (standing straight, shoulders back) exude in a speaker?
confiedence
model features
profesionalism
just good posture
What type of economy features a minor role for government and is driven by consumer buying decisions?
mixed economy
traditional economy
command economy
market economy
