Have an account?
Skip to Content
Build your own quiz
16 questions
Show Answers
See Preview
- 1. Multiple Choice
What type of production is a division of labor?
capital goods
Assembly line
invisible hand
Adam smiths idea
- 2. Multiple Choice
What was the curve on the graph curve frontier ?
most
idle
all resources
some resources
- 3. Multiple Choice
Why are entrepreneurs considered the driving force of a company?
they have goods
they help the stock market
they bring products
they bring products to the market and create new companies
- 4. Multiple Choice
what group of people determine the products of Enterprise
workers
people
businesses owners
consumers
- 5. Multiple Choice
what economic system is stagnate and they only create what they need?
traditional
mixed
command
market
- 6. Multiple Choice
equal pay and equal work supports what ?
rights
1964 act
capital goods
economic equity
- 7. Multiple Choice
Which economy can change direction quickly and drastically?
mixed
traditional
market
command
- 8. Multiple Choice
What is it calld when you don't choose an option ?
trade off
opportunity cost
scarily
- 9. Multiple Choice
What are your other options available
trade off
scarcity
opportunity cost
- 10. Multiple Choice
what are manufactured goods used by companies ?
capital goods
capital
economic equity
- 11. Multiple Choice
Hiring people to increase product is considered ?
labor
economic equity
human capital
capital goods
- 12. Multiple Choice
what is the definition of scarcity
more than one use
not enough product
has more than one use and not enough product
I dont know
- 13. Multiple Choice
what is the difference between Russia and China's economy
nothing
china has a free market while Russia does not
Russia has a free market and china does not
- 14. Multiple Choice
What are the four factors of production ?
land, capital, labor, entrepreneurs
land, capital, labor , capital goods
land , capital goods, labor , entrepreneurs
land, labor, consumers, capital goods
- 15. Multiple Choice
Who is Adam smith and what did he create ?
the invisible hand
people work in different parts
self interest
- 16. Multiple Choice
What are private property rights?
you own your own land
you can mistreat your property
you can sunbathe alone
help?????
- Answer choicesTagsAnswer choicesTags