Economics Test Review

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1. A news paper and a chair are produced from which resource?

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Economics Test Review - Quiz

This is a review of our content for the economics standards

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2. Which of the following is an example of consumption? (being a consumer)

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3. A person who works for wages

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4. A person who buys and uses things

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5. Mr. Lambros wants to start a trumpet makeing business.  Which of the following would he need to make the trumpets?

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6. People working in a bakery baking bread represent which factor of production?

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7. Products that are made, bought, and sold

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8. Money paid to an employee

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9. Acts done for another person

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10. The aluminum produced in Ohio is often used in the produciton of which of the following items?

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11. Selling goods and services throug tv, radio, and printed ads

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12. Which of the following is an example of someone consuming something?

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13. A person who organizes, manages, and assumes the risk of a business

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14. An economic term that relates the selling price of goods to how much is available for sale and how much people are willing to pay to get it.

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15. Which of the following is an example of production?

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16. Which of the following is an example of labor?

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17. A supermarket has noticed that more people put groceries in paper bags than in plastic bags.  For this reason, the supermarket has decided to order more paper bags and fewer plastic bags.  Which of the following resources will be in greater demand?

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18. A cost money spent

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19. Money paid to an employee

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20. Land, labor, capital and entrepreneurship; the things that must come together before goods are made and sold

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21. Money made after expenses are paid

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22. Near a grove of fruit trees is a factory that makes fruit juice.  Which factor of production does the grove of fruit trees represent?

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23. A system where the people, not just the government, run businesses for profit

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24. How goods and services are made, distributed, and used

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A news paper and a chair are produced from which resource?
Which of the following is an example of consumption? (being a...
A person who works for wages
A person who buys and uses things
Mr. Lambros wants to start a trumpet makeing business.  Which of...
People working in a bakery baking bread represent which factor of...
Products that are made, bought, and sold
Money paid to an employee
Acts done for another person
The aluminum produced in Ohio is often used in the produciton of which...
Selling goods and services throug tv, radio, and printed ads
Which of the following is an example of someone consuming something?
A person who organizes, manages, and assumes the risk of a business
An economic term that relates the selling price of goods to how much...
Which of the following is an example of production?
Which of the following is an example of labor?
A supermarket has noticed that more people put groceries in paper bags...
A cost money spent
Money paid to an employee
Land, labor, capital and entrepreneurship; the things that must come...
Money made after expenses are paid
Near a grove of fruit trees is a factory that makes fruit juice. ...
A system where the people, not just the government, run businesses for...
How goods and services are made, distributed, and used
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