Review for CE 11& 12
Authored by Nakina Alexander
History
8th Grade
CCSS covered
Used 164+ times
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15 questions
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1.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Identify what risks entrepreneurs may have to take to turn a profit
Failure and loss of personal money
Using private funds to start a new business
Disappointing the government agency they work for
Public ridicule
Owing extra taxes for starting a new business
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which person would most likely be considered an entrepreneur?
Travis works as a mechanic at a car dealership
Jose took a risk to make a profit from home storage units
Emma sells cellular devices for a national company.
Ming teaches math in a public high school
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Society will never be able to satisfy all wants and ____.
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If my government is selling me bread for $5 a loaf, and I have no choice but to buy that type of bread, I live in a _____ economy.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
There are four types of economic systems. Most economies are _____.
Traditional
Command
Market
Mixed
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
"Households receive money (payments) for the labor." Which label on the circular flow best describes this?
Expenditures
revenue
Income
none of the above
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A business that has one owner would be an example of a -
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