The United States has experienced two major economic shifts, starting with an agricultural economy and ending with an industrial economy.
3.1 - Intro to Business- US Economic History

Quiz
•
Business
•
9th - 10th Grade
•
Easy
Carlton Cayward
Used 15+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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