3.1 - Intro to Business- US Economic History

3.1 - Intro to Business- US Economic History

9th - 10th Grade

12 Qs

quiz-placeholder

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3.1 - Intro to Business- US Economic History

3.1 - Intro to Business- US Economic History

Assessment

Quiz

Business

9th - 10th Grade

Easy

Created by

Carlton Cayward

Used 15+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The United States has experienced two major economic shifts, starting with an agricultural economy and ending with an industrial economy.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Though the United States has a very high GDP compared to some countries, it has a low standard of living.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An important measure of economic strength is the rate of inflation.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During the early 1600s, the U.S. economy was

agriculture-based.

industry based

service based

information based

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Figures used to measure economic performance are called

economic measurements.

economic indicators.

performance indicators.

economic performance.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A general increase in the price of goods and services is called

upsurge

inflation

deflation

recession

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The unemployment rate measures the number of people who

are able and willing to work but cannot find work.

are willing to work.

are currently working.

all of the above

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