Which of the following products is a service as opposed to a good?
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10
In a retail business, what number do you get by subtracting an item's cost from its price?
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10
Which government agency is responsible for ensuring that the products we purchase for consumption are safe?
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10
A(n) ___ is any debt you have.
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10
What type of business is a grocery store?
Retailer
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10
Which scenario best represents the concept of form utility?
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banana
Go to last place!
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gold
Win 50 points!
Okay!
shark
Other team loses 25 points!
Okay!
thief
Give points!
5
10
15
20
25
boom
Lose 50 points!
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star
Double points!
Okay!
gift
Win 20 points!
Okay!
banana
Go to last place!
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10
I interview and hire employees and make sure that employees sign up for benefits such as insurance and health care. I also help handle any employee disputes with managers. My job is most probably in the________________department.
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10
Jose has a car he wants to sell. Julie wants to buy the car but doesn't have enough money. She offers to trade Jose his car for her cat, dog, and motorcycle. This is known as the system of:
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5
Things that are required in order to live are known as wants.
False
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5
Buildings, equipment, and supplies are examples of natural resources.
False
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10
Jennifer purchases a soda to drink on the way to school. Jennifer is a:___________
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seesaw
Swap points!
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rocket
Go to first place!
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shark
Other team loses 10 points!
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banana
Go to last place!
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15
Which type of economy is centered around meeting people's basic needs?
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15
The______________price is the point where supply and demand are equal is called