
Economic Analysis
Quiz
•
Business
•
9th - 11th Grade
•
Practice Problem
•
Medium
Marie Bauerly
Used 5+ times
FREE Resource
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19 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A country's infrastructure includes...
sewers
phone lines
highways
all of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
As a factor of production, the term labor refers to both skilled and unskilled workers?
true
false
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Resource scarcity forces nations to make economic choices...
true
false
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a market economy, who decides how products are produced?
businesses
consumers
government
labor
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a command economy, who decides how products are produced?
businesses
consumers
government
labor
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a traditional economy, who decides how products are produced?
businesses
consumers
government
tradition
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a market economy, who decides whether a business will survive or fail?
the government
the business itself
the consumers
the competitors
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