Technology and Economics — Unit test Answers
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The government has the right to own all land, buildings, and factories in a
A
closed economy.B
command economy.C
mixed market economy.D
pure market economy.2
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Which of the following would be a producer?
A
someone owning a book storeB
someone shopping in a grocery storeC
someone putting gas in a carD
someone waiting in line at a bank3
In a command economy, a cotton farm floods after a heavy storm. The repair work most likely will be paid by
A
the private business that operates the farm.B
the government group that runs the farm.C
the individual who manages the farm.D
the family who owns the farm.4
What are some ways to address unemployment in a market economy? Select three answers.
A
creating new projectsB
increasing regulationC
lowering restrictionsD
raising more taxesE
promoting hiring5
This graph shows the US unemployment rate from August 2010 to November 2011. This graph could help the US government
A
allocate natural resources.B
limit production nationwide.C
make an economic prediction.D
address a shortage emergency.6
What are some benefits to private ownership? Select three answers.
A
Private ownership provides offices for government workers.B
Private ownership provides land or goods for all citizens to use.C
Private ownership can make it possible for a business to earn money.D
Private ownership might help a person move to another economic class.E
Private ownership allows a person to own goods that may increase in value.Did you find these answers helpful?
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