Economics Concepts

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1.
1 point
Which economic concept says we should help the people who don't work by taxing the people that do work?
2.
1 point
Which economic concept is used most of the time in the United States?
3.
1 point
Which of the following is NOT one of the major aspects of Capitalism?
4.
1 point
Why do people criticize capitalism?
5.
1 point
Price is raised when demand is high and supply is high.
6.
1 point
Miles has a case of bottled water chilling on ice. He plans to sell this water during recess to raise money for the basketball team. Miles knows the best time to sell water is when_________________________.
7.
1 point
Price is lowered when demand is low and supply is high.
8.
1 point
Capitalism is an economic system based upon_____________________.
9.
1 point
People in the Middle Ages used capitalism all the time
10.
1 point
Which economic concepts says we all should be "equal" and make the same amount of money?