Chapter 5 Economics Test

25 Questions  I  By Taliiaxo22
Chapter 5 Economics Test
For NCA kids to study for final. Test Questions!

  
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1.  Which of the following principles is most clearly taught in Scripture?
A.
B.
C.
D.
2.  Which of the following statements is not found in Scripture?
A.
B.
C.
D.
3.  What concept is the source of the phrase "economic darwinism'?
A.
B.
C.
D.
4.  What is a market solution to the distribution question?
A.
B.
C.
D.
5.  Which of the following statements is true of communism?
A.
B.
C.
D.
6.  Which o fthe following staements is a viewpoint of egalitarian fairness?
A.
B.
C.
D.
7.  What viewpointt leads nations to introduce food stamps, social secruity, and housing assistance?
A.
B.
C.
D.
8.  What is a command solution to the distribution nquestion?
A.
B.
C.
D.
9.  What is the distirbution question that every society must answer?
A.
B.
C.
D.
10.  What is the input uestion that every society must answer?
A.
B.
C.
D.
11.  What is the command solution to the input question?
A.
B.
C.
D.
12.  What is the market solution to the input question?
A.
B.
C.
D.
13.  What is a major advantage of a labor intensive business over a capital intensive business?
A.
B.
C.
D.
14.  What is a major advantage of using automated equipment instead of labor?
A.
B.
C.
D.
15.  What is the market solution to the output question?
A.
B.
C.
D.
16.  What is the command solution to the output question?
A.
B.
C.
D.
17.  Which of the following is a capital good?
A.
B.
C.
D.
18.  Which of the following is a consumer good?
A.
B.
C.
D.
19.  What is the output question that every society must answer?
A.
B.
C.
D.
20.  What is meant by the "consumer good/capital good tradeoff"?
A.
B.
C.
D.
21.  Why is it deceitful for the Soviet Union to claim that its past economic growth was a benefit of command solutions to the economy?
A.
B.
C.
D.
22.  If a business is seeking intensive growth, one of its goals might be
A.
B.
C.
D.
23.  During the 1950'2 the command-regulated Soviet Union expierenced phenomenal growth in productivity due to
A.
B.
C.
D.
24.  What is the most obvious consequence of rapidly rising prices?
A.
B.
C.
D.
25.  Which of the following is not a primary economics goal of societies?
A.
B.
C.
D.
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