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Chapters 5-8

Authored by Andrew Saathoff

Financial Education

12th Grade

Used 2+ times

Chapters 5-8
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14 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In early history, trade was helped to develop by

secure property rights

coinage

language

all 3

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An example of a zero-sum game is

the relationship between a parent and child

trade in a market between buyer and seller

a sports competition between two teams

a quiz in class

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Secure property rights mean that individuals

have the right to refuse trade

are able to hide their belongings from others

own more than they can use by themselves

receive all of their income as gifts

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Something is a resource if

it is a form of land, labor, or capital

it is a tangible object

humans see it as potentially useful

someone owns it

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Resources are

dynamic and constantly changing

fixed and static

always decreasing in number

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Humans create resources by

interacting with their environment

combining or recombing other resources

integrating tangible and intangible resources

all answers are correct

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Prices indicate

Scarcity

need

profit

nothing

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