1) Fishermen, farmers, and hunters a) Traditional b) Mixed c) Command d) Market 2) Government subsidized farmers, fishermen, and hunters a) Traditional b) Mixed c) Command d) Market 3) Apple deciding who can make and sell apps in their store, what features the newest Iphone should have, and how much you should pay for it. a) Traditional b) Mixed c) Command d) Market 4) Government setting prices, determining where you can work, and where you can shop. a) Traditional b) Mixed c) Command d) Market 5) Which company's vaccines should be made available to the public? a) Scarcity b) Opportunity Cost c) Cost Benefit Analysis d) Free Enterprise e) Supply and Demand f) Basic Economic Questions 6) Car dealerships have been doubling the price of new and used vehicles claiming the rise in prices is due to shortages. a) Scarcity b) Opportunity Cost c) Cost Benefit Analysis d) Free Enterprise e) Supply and Demand f) Basic Economic Questions 7) Deciding which job to take, the one with higher pay, but longer hours or the job with lower pay but greater flexibility and benefits. a) Scarcity b) Opportunity Cost c) Cost Benefit Analysis d) Free Enterprise e) Supply and Demand f) Basic Economic Questions 8) The cafeteria makes 100 chicken sandwiches. 300 students decide to buy chicken sandwiches. a) Scarcity b) Opportunity Cost c) Cost Benefit Analysis d) Free Enterprise e) Supply and Demand f) Basic Economic Questions 9) Chic-fila, Salsaritas, Mod Pizza, and Star Bucks are all examples of this type of business. a) Scarcity b) Opportunity Cost c) Cost Benefit Analysis d) Free Enterprise e) Supply and Demand f) Basic Economic Questions 10) Examining the Dunkirk shopping centers and deciding whether it would be more financially beneficial for you open a sandwich shop, a pizza shop, or an Italian eatery. a) Scarcity b) Opportunity Cost c) Cost Benefit Analysis d) Free Enterprise e) Supply and Demand f) Basic Economic Questions

Basic Economic examples

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