Which of the following types of utility enhances value by creating more useful or desirable products out of raw materials or separate parts?
Unit 2 - Economic Concepts Final Assessment Review

Quiz
•
Business
•
9th - 12th Grade
•
Hard
Lindsey Bradshaw
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
possession
time
form
information
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT one of the basic economic questions listed in the presentation?
What goods and services do we produce?
How do we produce those goods and services?
When will we produce those goods and services?
Who should benefit from the goods and services produced?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When companies are understaffed, employees can become overworked, cause a hostile work environment, and increase the time of production.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system in which there is increased government involvement where the goal is to keep prices low and provide jobs for everyone is known as which of the following?
capitalism
socialism
communism
free enterprise
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Unprofitable firms negatively affect the economy by increasing the job market and increasing salaries and benefits.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When describing supply and demand, which of the following defines when a product is demanded in larger quantities than is produced?
surplus
equilibrium
demand
shortage
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Protection for business, individuals and resources are NOT provided by which of the following types of government departmental regulation?
FDA
OSHA
EEOC
NHAC
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