
F23 - Economic Systems
Authored by Dean Kuckelman
Business
10th Grade
Used 11+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
30 questions
Show all answers
1.
MATCH QUESTION
1 min • 1 pt
Match the term with its description:
Expenses
Tangible items manufactured by businesses
Profit
Intangible offerings of businesses that can’t be held, touched, or stored.
Revenues
Costs for rent, salaries, supplies, transportation
Goods
If revenue is greater than expenses
Services
Money a business receives by providing services or selling goods to customers
2.
MATCH QUESTION
1 min • 1 pt
Match the term with its description:
Political Forces
Unemployment rates, consumers' disposable income, and interest rates.
Demographic factors
Tarrifs, taxes, subsidies
Natural Forces
The characteristics of a population that influence what goods or services are likely to do well with that group of potential customers.
Economic Conditions
Physical conditions in the environment that can impact businesses
3.
MATCH QUESTION
1 min • 1 pt
Match the following
Wants
Cameras are becoming less common household items, for example
Socio-cultural forces
Things that are necessary to survive, like housing and food
Discretionary income
Money that consumers have left over for wants after paying for all their needs.
Technological forces
Belief systems and practices, customs, traditions and behaviors of potential customers
Needs
Things that we might buy with discretionary income
4.
MATCH QUESTION
1 min • 1 pt
Match the term with its description:
Price Signals
____ are the main control over supply and demand in a centralized economy
Government decisions
____ can reduce the amount of money that consumers have available to spend
Subsidies
_____ benefits provided by the government to producers, usually in the form of tax pardons or cash payments
Taxes
____ are the main control over supply and demand in a free market economy
Tarrif
Tax imposed by one country on the goods and services imported from another country.
5.
MATCH QUESTION
1 min • 1 pt
Match the term with its description:
CPI
Measure of the average change over time in the prices paid by
Cost of Living
The price that you pay for borrowing money
Household Income
Prices that people pay for goods and services
Standard of living
The average income earned per family.
Interest
The amount of goods and services people can buy with the money they have.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is NOT included in measuring the quality of life:
life expectancy
educational standards
health and sanitation
leisure time
consumer price index (CPI)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is NOT one of the four traditional factors of production that are common to all productive activity:
natural resources
labor
capital
entrepreneurship
tarrifs
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?