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Q 1/20
Score 0
A CD player is an example of a need
30
True
False
Q 2/20
Score 0
Tangible products you can purchase to meet your wants and needs are called goods
30
True
False
20 questions
Q.
A CD player is an example of a need
1
30 sec
Q.
Tangible products you can purchase to meet your wants and needs are called goods
2
30 sec
Q.
When you decide to buy a Jacket instead of a concert ticket, you are making a tradeoff
3
30 sec
Q.
Capitalism is another name for a traditional economic system.
4
30 sec
Q.
Competition forces businesses to search for new ways to satisfy customers' wants and needs.
5
30 sec
Q.
The Market Price for a produce is the point where demands exceeds supply
6
30 sec
Q.
Economists predict future changes in the economy
7
30 sec
Q.
Mexico is the largest producer of goods and services in the world.
8
30 sec
Q.
The Basic Economic Problem is:
9
30 sec
Q.
An important principle of the U.S. economic system is
10
30 sec
Q.
if freezing weather damages orange crops in Florida
11
30 sec
Q.
Water, air, and minerals are examples of
12
30 sec
Q.
If you decide to purchase a DVD of your favorite movie instead of a pair of jeans, the value of the jeans is the
13
30 sec
Q.
Resources are owned and controlled by the people of the country
14
30 sec
Q.
The government decides what and how goods are produced.
15
30 sec
Q.
Workers often use hand tools and readily available natural resources
16
30 sec
Q.
As countries become more developed, they often adopt this economic system
17
30 sec
Q.
Consumers base their decisions on their own self-interest
18
30 sec
Q.
The graph below represents the supply and demand for music CDs. Using the data provided in this graph. Based on the information provided in the graph, what is the market price for music CDs?
19
30 sec
Q.
Which economic system is represented in the image above:
