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5 Written questions

5 Matching questions

  1. Economics
  2. hourly wage
  3. quota
  4. command economy
  5. Credit
  1. a studies how society chooses to use resources to produce and distribute goods and services for people's consumption
  2. b a limit placed on the quantities of a product that can be imported
  3. c amount earned for each hour worked
  4. d time allowed for payment for goods or services obtained on trust:
  5. e a central authority makes the key economic decisions

5 Multiple choice questions

  1. duty to do what is best for the society
  2. expenses that fluctuate and over which you have some control, such as food and entertainment
  3. requires that men and women be paid the same wages for doing equal work
  4. money must hold its value over time
  5. state governments focus on business within each state

5 True/False questions

  1. conflict of interestwhen a business is tempted to put profits before social welfare


  2. Wholesalertime worked beyond the regular hours - pay is 1 1/2 times the regular rate of pay


  3. Debitan electronic check; an alternative method to cash when making a payment


  4. DemographicsFacts about the population in terms of age, gender, location, income and education


  5. overtimemoney that the government takes in