Economic Analysis

Economic Analysis

9th - 11th Grade

19 Qs

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Economic Analysis

Economic Analysis

Assessment

Quiz

Business

9th - 11th Grade

Practice Problem

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Created by

Marie Bauerly

Used 5+ times

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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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