What is capital in economic terms?
AG Unit 8 Pretest

Quiz
•
Social Studies
•
9th - 12th Grade
•
Hard
Adam Berkowicz
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Government subsidies for goods
Human-made resources used in production
A state’s revenue from taxes
Natural resources from the land
I don't know
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which agency ensures companies disclose financial information truthfully?
FDIC
IRS
FTC
SEC
I don't know
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one main role of government in laissez-faire capitalism?
Maintain police and court systems
Fund all private businesses
Build all roads and bridges
Set salaries and benefits
I don't know
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a mixed economy attempt to balance?
Central planning with cultural values
Free market with government intervention
Government spending with consumer saving
Private wealth with traditional practices
I don't know
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a key economic goal of Reaganomics?
Create national economic boards
Cut taxes and reduce regulation
Expand welfare spending
Increase government investments
I don't know
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is taxation necessary in a democratic society?
To increase voter income
To support community needs
To promote individual wealth
To reduce citizen rights
I don't know
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A new business owner combines labor, land, and capital to launch a new tech product. Which term best applies to this person?
Entrepreneur
Economist
Manufacturer
Banker
I don't know
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