Module Five Review Rush

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Quick econ review quiz

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Emily Osborne

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Module Five Review Rush


Froggy Jumps Module Five Review RushVersión en línea Quick econ review quiz por Emily Osborne 1 Trade-off is the economic sacrifice described when you choose cookies over chips. Which term fits? a Trade-off b Capital c Entrepreneurship 2 Which statement best summarizes workforce trends discussed in this passage? a The increased use of computers created a new type of employment category. b Computer purchases by the average household decreased as prices increased. c Companies benefited from the widespread use of workplace computers. 3 When representatives of both union and management meet to discuss goals, offer solutions, and compromises, which process is this? a Lockouts b Mediation c Collective bargaining 4 When a shoe manufacturer makes 1,000,000 units of its top-selling shoe, the company is mainly answering which question? a How much to produce? b What to produce? c For whom to produce it? 5 What type of economy does the United States have? a Command b Mixed c Traditional 6 What type of business structure can consist of thousands of shareholders that select a board of directors to oversee company performance? a Sole proprietorship b Corporation c Partnership 7 The weekend is almost here and you are deciding how to spend your time. If you spend time and money going to a movie, you cannot spend that time at home reading a book, and you can't spend the money on something else later this month. You are making a Capital b Opportunity cost c Scarcity 8 The four factors of production include a Land, Labor, Capital, Entrepreneurship b Scarcity, Trade-Off, Opportunity Cost, Capital c Opportunity Cost, Labor, Capital, Entrepreneurship 9 Imagine you want to buy Nike shoes online. Because the product you want is the same for every website, what economic situation exists in this example? a Oligopoly b Monopoly c Pure competition 10 A winter freeze destroys 25 percent of a country’s annual orange harvest. Which statement regarding the country’s orange juice market is most accurate? a The supply of orange juice will remain stable as the price decreases. b The price will remain the same as the demand increases. c The price will increase as the supply decreases.

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Module Five Review Rush

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Module Five Review RushVersión en línea

por Emily Osborne

Trade-off is the economic sacrifice described when you choose cookies over chips. Which term fits?

Which statement best summarizes workforce trends discussed in this passage?

When representatives of both union and management meet to discuss goals, offer solutions, and compromises, which process is this?

When a shoe manufacturer makes 1,000,000 units of its top-selling shoe, the company is mainly answering which question?

What type of economy does the United States have?

What type of business structure can consist of thousands of shareholders that select a board of directors to oversee company performance?

The weekend is almost here and you are deciding how to spend your time. If you spend time and money going to a movie, you cannot spend that time at home reading a book, and you can't spend the money on something else later this month. You are making

The four factors of production include

Imagine you want to buy Nike shoes online. Because the product you want is the same for every website, what economic situation exists in this example?

A winter freeze destroys 25 percent of a country’s annual orange harvest. Which statement regarding the country’s orange juice market is most accurate?