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Courtney Blanchard 21 questions

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Questions in this quiz (21)

  1. 1Products and money used in the production of goods and services are called human resources
    1. ATrue
    2. BFalse
  2. 2The basic economic problem results from scarcity
    1. ATrue
    2. BFalse
  3. 3The U.S. has a capitalistic economic system
    1. ATrue
    2. BFalse
  4. 4A producer is a person who buys and uses goods and services
    1. ATrue
    2. BFalse
  5. 5Market price is the point where supply and demand are at their lowest point.
    1. ATrue
    2. BFalse
  6. 6The first step in the economic decision-making process is to evaluate the advantages and disadvantages of each choice.
    1. ATrue
    2. BFalse
  7. 7The right of private property means you can own, use, or dispose of things of value.
    1. ATrue
    2. BFalse
  8. 8Tangible products you can purchase to meet your wants and needs are called services.
    1. ATrue
    2. BFalse
  9. 9Individuals and organizations that determine what products and services will be available
    1. AProducers
    2. Bcapitalism
    3. Cconsumers
  10. 10private ownership of resources by individuals rather than by the government
    1. Acapitalism
    2. Btraditional economy
    3. Ccommand economy

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Description
High School Diploma Pre-technology Quiz on Untitled, created by Courtney Blanchard on 24/05/2016.
Language
English
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