SOL 12a Mastery Quiz
Quiz by Sarah Stewart
Civics and Economics
History and Social Science
Virginia Standards of Learning
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includes Teacher and Student dashboards
Measures 1 skill from
Measures 1 skill from
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5 questions
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- Q1Consumers have the ability to determine what goods and services will be produced through their purchases-Free EnterpriseCentral planningPrivate PropertyConsumer Sovereignty30sCE.12.a
- Q2To figure out what his profit is, Reggie must______. His profit is_______.Subtract his expenses from his earnings; $50Divide his expenses by his earnings; $2Multiply his earnings times his expenses; $5,000Add his earnings to his expenses; $15030sCE.12.a
- Q3Government involvement is limited in the US economy; most decisions regarding goods and services are made in the private sector.TrueFalse30sCE.12.a
- Q4Which factor is the cause to the effect?Private PropertyCompetitionFree EnterpriseProfit Motive30sCE.12.a
- Q5A market exists whenever buyers and sellers exchange ___________ and ________________.Revenue and servicesResources and goodsGoods and servicesProfit and services30sCE.12.a
