Match the term with its description:
F23 - Economic Systems

Quiz
•
Business
•
10th Grade
•
Medium
Dean Kuckelman
Used 11+ times
FREE Resource
30 questions
Show all answers
1.
MATCH QUESTION
1 min • 1 pt
Expenses
Costs for rent, salaries, supplies, transportation
Revenues
Tangible items manufactured by businesses
Services
Money a business receives by providing services or selling goods to customers
Goods
If revenue is greater than expenses
Profit
Intangible offerings of businesses that can’t be held, touched, or stored.
2.
MATCH QUESTION
1 min • 1 pt
Match the term with its description:
Political Forces
Tarrifs, taxes, subsidies
Demographic factors
Unemployment rates, consumers' disposable income, and interest rates.
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
Technological forces
Cameras are becoming less common household items, for example
Wants
Money that consumers have left over for wants after paying for all their needs.
Needs
Belief systems and practices, customs, traditions and behaviors of potential customers
Discretionary income
Things that we might buy with discretionary income
Socio-cultural forces
Things that are necessary to survive, like housing and food
4.
MATCH QUESTION
1 min • 1 pt
Match the term with its description:
Government decisions
____ are the main control over supply and demand in a centralized economy
Price Signals
____ can reduce the amount of money that consumers have available to spend
Subsidies
Tax imposed by one country on the goods and services imported from another country.
Taxes
____ are the main control over supply and demand in a free market economy
Tarrif
_____ benefits provided by the government to producers, usually in the form of tax pardons or cash payments
5.
MATCH QUESTION
1 min • 1 pt
Match the term with its description:
Interest
Prices that people pay for goods and services
Cost of Living
The amount of goods and services people can buy with the money they have.
Household Income
The price that you pay for borrowing money
CPI
Measure of the average change over time in the prices paid by
Standard of living
The average income earned per family.
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
Create a free account and access millions of resources
Similar Resources on Quizizz
25 questions
Economics Unit 1

Quiz
•
9th - 12th Grade
29 questions
Business Foundations Chapter 1 Review

Quiz
•
9th - 12th Grade
35 questions
Marketing- Chapter 3 Test Review

Quiz
•
9th - 12th Grade
29 questions
Introduction to Supply and Demand

Quiz
•
10th Grade - University
34 questions
Business Management- Chapter 8 Test

Quiz
•
9th - 12th Grade
25 questions
Chapter 1 Test Principles of Business, Finance, Marketing, Operation and Management

Quiz
•
9th - 12th Grade
25 questions
Marketing Terminology

Quiz
•
9th - 10th Grade
25 questions
IGCSE Economics - Edexcel - Section A - The Market System

Quiz
•
8th - 12th Grade
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
20 questions
Math Review - Grade 6

Quiz
•
6th Grade
20 questions
math review

Quiz
•
4th Grade
5 questions
capitalization in sentences

Quiz
•
5th - 8th Grade
10 questions
Juneteenth History and Significance

Interactive video
•
5th - 8th Grade
15 questions
Adding and Subtracting Fractions

Quiz
•
5th Grade
10 questions
R2H Day One Internship Expectation Review Guidelines

Quiz
•
Professional Development
12 questions
Dividing Fractions

Quiz
•
6th Grade
Discover more resources for Business
25 questions
Spanish preterite verbs (irregular/changed)

Quiz
•
9th - 10th Grade
10 questions
Juneteenth: History and Significance

Interactive video
•
7th - 12th Grade
8 questions
"Keeping the City of Venice Afloat" - STAAR Bootcamp, Day 1

Quiz
•
9th - 12th Grade
20 questions
Distance, Midpoint, and Slope

Quiz
•
10th Grade
20 questions
Figurative Language Review

Quiz
•
10th Grade
20 questions
Understanding Linear Equations and Slopes

Quiz
•
9th - 12th Grade