Unit 2 Review Assessment - The Players

Which group of players provides all goods and services?

• consumers

• media

• producers

• researchers

Which describes the economic role played by a producer?

• uses goods and services

• creates goods and services

• invents new technology

• provides goods and services

Which describes the effect of the purchases that consumers make?

• provide jobs for distributors

• increase producers' costs

• indicate their desires to producers

• are not taxed in a free-market economy

Which group is both a producer and a consumer?

• consumers

• producers

• workers

• distributors

Which describes the economic role played by the consumer?

• provides good and services

• invents new technology

• creates goods and services

• uses goods and services

Which consumer influence is represented by the action of buying because everyone else is doing it?

• price

• environmental

• trend

• cultural

A budget is used for planning purposes.

• True

• False

Profit is determined by subtracting costs from revenue.

• True

• False

Which most strongly drives producers in a free-market economy?

• government planning

• coercion

• utility satisfaction

• profit motive

Monopolies encourage competition.

• True

• False