Unit 5 Test Business Decisions
Authored by Kenneth Ybarra
Business
9th - 12th Grade
Used 21+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Choice in economically related decisions.
Economic freedom
Economic growth
Price stability
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When people who want to work can find jobs.
Economic equity
Economic growth
Full employment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When maximum output is obtained.
Economic equity
Efficiency
Full employment
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the output of goods and services increases.
Economic growth
Full employment
Economic security
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A condition of economic fairness.
Price stability
Economic growth
Economic equity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A producer has an _____________ if it can produce the most with available resources.
Absolute Advantage
Comparative Advantage
Low Cost
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A producer has a _____________ at supplying one thing if it can produce at lower opportunity cost than another producer.
Absolute advantage
Comparative Advantage
Low Cost
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