According to this table, what will happen if the price of a slice of pizza decreases from $2.50 to $1.00?
CE.11-CE.14 Civics Review
7th - 8th Grade
•39 Qs
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CE.11-CE.14 Civics Review
Assessment
•
James Milcarek
•
History
•
7th - 8th Grade
•
153 plays
•
Medium
39 questions
Show all answers
1.
MULTIPLE CHOICE
5 mins • 1 pt
2.
MULTIPLE CHOICE
5 mins • 1 pt
What is the opportunity cost of going to the movies?
3.
MULTIPLE CHOICE
5 mins • 1 pt
Hot Dog City is competing with Hot Dog Town. Which incentive would most likely motivate consumers to eat at Hot Dog City?
4.
MULTIPLE CHOICE
5 mins • 1 pt
The government of the Soviet Union provided food for its citizens. However, the food was often in short supply, had little variety, and was of poor quality. What type of economy was the Soviet Union?
5.
MULTIPLE CHOICE
5 mins • 1 pt
Most countries today have which type of economic system?
6.
MULTIPLE CHOICE
5 mins • 1 pt
Which economic system has the least amount of government involvement in decision making?
7.
MULTIPLE CHOICE
5 mins • 1 pt
_________________ results in lower prices and better quality goods and services.
8.
MULTIPLE CHOICE
5 mins • 1 pt
The amount of money you make after all expenses have been paid is called what?
9.
MULTIPLE CHOICE
5 mins • 1 pt
In 2000, the Heinz Corporation began selling purple ketchup. Sales were low and within a few years Heinz stopped selling it. Which characteristic of our economy was demonstrated in this example?
10.
MULTIPLE CHOICE
5 mins • 1 pt
What kind of business is best described by these statements?
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