
1st Term PreTest
Authored by Bradford Turner
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45 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
To provide utility, a product must
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Marcy is ready to buy a new computer, and she has saved up enough money to buy the model she wants. This is an example of
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
When less expensive substitutes for a product are readily available, then demand for that product is likely to be more
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Which of the following countries is correctly paired with its economic system:
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Which of the following items is found in all economic systems:
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Lack of economic growth is a major problem for __________ economic systems.
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
In a traditional economic system, the question of what to produce is answered by producing
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