Quiz #1 (EDIT - Add appropriate questions and RUBRIC)

  • Due May 31, 2018 at 11:59pm
  • Points 5
  • Questions 5
  • Available Apr 12, 2018 at 12am - Jul 31, 2018 at 11:59pm
  • Time Limit 15 Minutes

Instructions

Summary:

This is a quiz to provide formative feedback on the chapter we just reviewed. In this chapter, we have defined basic concepts such as business, product, and profit. Defined economics and compared the four types of economic systems. Defined the role of supply, demand and completion in a free-enterprise system.

Instructions:

The quiz includes 5 questions each worth 1 point. It consists of: fill in the blank, true/false and a multiple choice question. Please select the best possible answer.

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