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Price in a capital economy is decided by ________.
Supply and demand
What is the fairest number
3 of 18Pick Your Answer!
Which of these could make a property a bad investment?
A bus stop at the front of the property
Lack of amenities near by
A low selling price
4 of 18Pick Your Answer!
Which of these is NOT a factor of production?
5 of 18Pick Your Answer!
What does G.D.P. stand for?
General Domestic Profit
General Domestic Percentage
Gross Domestic Product
6 of 18Pick Your Answer!
When supply exceeds demand, the price goes down. True or False?
7 of 18Pick Your Answer!
What is a recession?
The long-term destruction of an economy
Period of economic decline
Period of economic growth
8 of 18Pick Your Answer!
Inflation is the general increase of what?
9 of 18Pick Your Answer!
What is the main source of federal revenue (the government's income)?
10 of 18Pick Your Answer!
When workers leave their old jobs but haven't found new ones, that is considered ________.
11 of 18Pick Your Answer!
Which country has the largest economy in the World?
The United States of America
12 of 18Pick Your Answer!
What does W.T.O. stand for?
Web Trade Operations
World Trade Organization
World Trading Operations
13 of 18Pick Your Answer!
What are capital goods?
Goods bought directly by consumers
Goods that can't be used or sold
Goods used to produce other goods
14 of 18Pick Your Answer!
What kind of unemployment would a ski instructor face in the summer?
15 of 18Pick Your Answer!
If a price is not likely to change, then it is ________.
16 of 18Pick Your Answer!
Which of these is a major problem worldwide?
Scarcity of resources
Lack of knowledge
Lack of workers
17 of 18Pick Your Answer!
What are products that are made or grown domestically but shipped or sold abroad?
18 of 18Pick Your Answer!
A stockholder or shareholder is someone who owns shares of stock in a company. True or False?
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Looking for a business quiz? This business and economics test is perfect for anyone wanting to test their skills on money and the economy! Answer questions about investment, labor, capital and other economic and business concepts in this quiz.