Unit Test — Unit test

Question 1

Venya and Kari own a flower shop that specializes in custom bouquets. Wanting to expand into selling potted plants, they create a production possibility chart to assess whether the potted plants are a good idea. Study their chart:

Revolt · Accepted Answer

50

Question 2

How would a manufacturer benefit by using fewer scarce resources?

Revolt · Accepted Answer

The product would be less expensive to produce.

Question 3

A reward or punishment that encourges people to behave in a certain way is called a(n)

Revolt · Accepted Answer

incentive.

Question 4

Technology can help governments handle economic emergencies, such as

Revolt · Accepted Answer

crop and resource shortages.

Question 5

What restriction would the government impose in a closed economy?

Revolt · Accepted Answer

The government would prohibit trade with other nations.

Unit Test — Unit test Answers

More from this Course

TRY EDGENUITY HACKS