NNHS DECA Economics Test

Why does the demand for money change?

Which of the following types of taxes would guests pay on hotel bills?

Which of the following is an economic activity?

Changes in fiscal and monetary policies often have an effect on the

What does economic freedom provide to individuals and businesses?

Which is a legal concept that affects businesses that operate in foreign countries?

Walmart and Chevron sell stock in their companies. What type of business are they?

Businesses in trade industries that offer discount prices usually offer

Why are entrepreneurs important in a private enterprise system?

Which affects society's basic values and behaviors that influence their buying decisions:

Which factors affecting the business environment is represented by the businesses's location

A basic purpose of labor unions is to help to

Which is one of the main reasons why governments levy taxes

Since the benefits of exercise are being constantly emphasized, producers of exercise equipment

Offering high quality, large assortments, and free shipping are examples of 

A salesclerk working part time at a clothing store is an example of a(n)

Most businesses can increase their profits by

For which of the following activities does the Federal Reserve System have responsibility

Economic goods differ from economic services in that economic goods are

What type of economic system is used in the United States

Which of the following make up an economic market

Which of the following is not a basic element found in all economic systems:

Exxon Oil, a creator of petroleum products, is an example of what type of producer?

An example of a government using price supports is when the government

Why would a US company would decide to offer its products in other countries

Economic goods and services purchased by businesses for use in their operations are

A business's market structure in an industry can be described as a 

Which are examples of intellectual property that a business protects by registering trademarks?

Which influences interest rates for the purpose of promoting economic growth in a country?

What occurs when the Federal Reserve System purchases Treasury Bills?