Economics Study Guide

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1.
1 point
What is it called when more than one business sells similar products?
2.
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Discounts, sales, and coupons are all examples of ...
3.
1 point
An example of a capital resource would be...
4.
1 point
What are the three characteristics of a market economy?
5.
1 point
Consumers do which of the following in a market economy?
6.
1 point
What is a consumer?
7.
1 point
Which of the following is a human resource?
8.
1 point
Which is an example of a natural resource?
9.
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Ms Titsworth's class sold lemonade after school. Lemonade is Greg's favorite so he bought 5 cups. This is an example of ...
10.
1 point
Your business makes more money than it takes to run the business. What is this extra money called?