What is the primary focus of the profit motive?
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Business
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9th - 10th Grade
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Maximizing social welfare
Maximizing personal gain
Minimizing environmental impact
Minimizing production costs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a characteristic of the profit motive?
Encouraging innovation
Focusing on short-term gains
Prioritizing customer satisfaction
Driving competition
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In what way does the profit motive impact business decisions?
It encourages businesses to reduce prices.
It leads to increased government regulation.
It results in higher employee wages.
It drives businesses to maximize efficiency.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has the profit motive influenced economic systems historically?
It has led to the development of barter systems.
It has encouraged the growth of capitalist economies.
It has resulted in the decline of trade.
It has promoted the use of renewable resources.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What historical event is closely associated with the rise of the profit motive?
The Renaissance
The Industrial Revolution
The Agricultural Revolution
The Information Age
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