Quiz
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Fragen in diesem Quiz (21)
1Products and money used in the production of goods and services are called human resources
- ARichtig
- BFalsch
2The basic economic problem results from scarcity
- ARichtig
- BFalsch
3The U.S. has a capitalistic economic system
- ARichtig
- BFalsch
4A producer is a person who buys and uses goods and services
- ARichtig
- BFalsch
5Market price is the point where supply and demand are at their lowest point.
- ARichtig
- BFalsch
6The first step in the economic decision-making process is to evaluate the advantages and disadvantages of each choice.
- ARichtig
- BFalsch
7The right of private property means you can own, use, or dispose of things of value.
- ARichtig
- BFalsch
8Tangible products you can purchase to meet your wants and needs are called services.
- ARichtig
- BFalsch
9Individuals and organizations that determine what products and services will be available
- AProducers
- Bcapitalism
- Cconsumers
10private ownership of resources by individuals rather than by the government
- Acapitalism
- Btraditional economy
- Ccommand economy
11activities that are consumed at the same time they are produced
- Agoods
- Bservices
- Cneeds
12quantity of a good or service that businesses are willing to able to provide
- Asupply
- Bproducers
- Ceconomic resources
13not having enough resources to satisfy every need
- Asupply
- Bscarcity
- Ctrade-off
14things that are required in order to live
- Aneeds
- Bwants
- Cservices
15giving up on something to have something else
- Atrade-off
- Bmarket price
- Cservices
16value of alternatives you did not choose
- Agoods
- Bopportunity cost
- Cservices
17in which of the following situations is demand MOST likely to be reduced?
- Acustomers see a number of products they believe will satisfy every need
- Bcustomers cannot find a good substitute for a product they want
- Cwhen prices for a popular product are reduced
- Dall of the above tend to reduce demand
18water, air, and mineral, trees are examples of
- Aconsumer resources
- Bnatural resources
- Chuman resources
19economic resources are sometimes referred to as factors of [blank_start]production[blank_end]
- Aproduction
20resources are owned and controlled by the people of the country in a [blank_start]market economy[blank_end]
- Amarket economy
21[blank_start]wants[blank_end] are things that add comfort and pleasure to your life
- Awants
Informationen
- Beschreibung
- High School Diploma Pre-technology Quiz am Ohne Titel, erstellt von Courtney Blanchard am 24/05/2016.
- Autor
- Courtney Blanchard
- Sprache
- English
- Aufrufe
- 0
- Schlagwörter
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