
Chapter 17 Test Review
History, Other
9th - 12th Grade
Used 28+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
In a system of voluntary exchange, people:
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
People make voluntary exchanges of goods and services in a free market MAINLY because they:
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following BEST describes the economic system practiced throughout most of the history of the United States?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The United States’ GDP is the third largest in the world.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Transferring ownership of a good or service does NOT create new production; therefore, the sale is not included into GDP.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a major factor of production?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
GDP only reflects the __________ price/market value of a country:
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