Name: Score:
18 Multiple choice questions
Term 1 of 18
The American economic system can best be described as ______.
modified capitalism
socialist economy
pure capitalism
command economy
Term 2 of 18
What kind of economy was host to self-sufficient colonists who produced everything that they
needed at home?
Residential
Economics
Rural
Agricultural
Term 3 of 18
The quantity of products that people are willing to buy at different prices at a specific time is
called ______.
profit margin
supply
inventory
demand
, Term 4 of 18
What are the four functions of management?
technical, human, conceptual
staffing, planning, leading, delegating
planning, organizing, leading, controlling
agricultural
Term 5 of 18
The United States is a mixed economy with a foundation based on ______.
Feudalism
Socialism
Communism
Capitalism
Term 6 of 18
The rivalry among businesses for consumers' dollars is referred to as _____.
regulation
monopoly
competition
collaboration
18 Multiple choice questions
Term 1 of 18
The American economic system can best be described as ______.
modified capitalism
socialist economy
pure capitalism
command economy
Term 2 of 18
What kind of economy was host to self-sufficient colonists who produced everything that they
needed at home?
Residential
Economics
Rural
Agricultural
Term 3 of 18
The quantity of products that people are willing to buy at different prices at a specific time is
called ______.
profit margin
supply
inventory
demand
, Term 4 of 18
What are the four functions of management?
technical, human, conceptual
staffing, planning, leading, delegating
planning, organizing, leading, controlling
agricultural
Term 5 of 18
The United States is a mixed economy with a foundation based on ______.
Feudalism
Socialism
Communism
Capitalism
Term 6 of 18
The rivalry among businesses for consumers' dollars is referred to as _____.
regulation
monopoly
competition
collaboration
