What is an economy review

What is an economy review

11th Grade

20 Qs

quiz-placeholder

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What is an economy review

What is an economy review

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Haley Ruckman

Used 36+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is an economy?

government controls all means of production within the country

an organized way a nation provides for its citizens

the way a government makes money

the way citizens make products from natural resources

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one is NOT a factor of production in an economy?

Entrepreneurship

Labor

Land

Natural Resources

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT a land resource?

Water

Factories

Oil

Lumber

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is an example of a capital resource?

Delivery driver

Crude Oil

Bank Loan

Water

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or false: Economies with well-trained labor have an advantage over other nations in attracting business.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

refers to the skills of people who are willing to invest their time and money to run a business.

Labor

Land

Capital

Entrepreneurship

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What forces nations to make economic choices?

Capitilism

Scarcity

labor resources

land resources

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