Question 1 of 25
Hints left: 3
Q1
Which statement about the factors of production is correct?
Q2
In a command economy, who usually owns the farms and factories?
Q3
If the price for Coke goes up significantly, the demand for Pepsi will likely do what?
Q4
___is calculated by output per worker per period of time.
Q5
Inflation in excess of 500 percent per year is called
Q6
What was the proportion of employment in industries in 2011-12?
Q7
Because we face scarcity, we must make
Q8
What kind of tax is the federal income tax?
Q9
Which type of economic system has the highest level of government control?
Q10
How has technology changed the way people do business?
Q11
Which is an example of investing in human capital?
Q12
type of elasticity when a price adjustment causes a large quantity change
Q13
The taxing and spending policies of the president and Congress are known as
Q14
What is the primary way banks make their profit?
Q15
Julie wants to earn
Q16
to accuse a public official of misconduct in office
Q17
In a market economy, prices of goods and services are kept fixed
Q18
The image above is a diagram of:
Q19
Inflation is to be combated the RBI
Q20
Which type of economy is found in the United States?
Q21
What does it mean when an economy has a commodity monetary standard?
Q22
What are some public services that are supported/paid for with money earned from taxes (select three)?
Q23
The price for margarine (a butter substitute) goes down. The demand curve for butter will do what?
Q24
A farmer is a ___ because they grow food to sell.