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TExES Core Subjects EC-6: Economic Principles Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. Which of these is NOT an argument against economic globalization?

Question 2 2. Where were farms generally located hundreds of years ago?

Question 3 3. The migrating of people from rural areas to urban ones is known as

Question 4 4. What is a free enterprise economy?

Question 5 5. What is the utility of a good?

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Question 6 6. Which one of the following is never fulfilled?

Question 7 7. What is defined as the economic mixing and interdependence of economies across the world through an escalation of cross-cultural movement of goods, services, technologies and wealth?

Question 8 8. Who is normally the producer in a resource market?

Question 9 9. What is defined as the bringing in of foreign goods into an economy?

Question 10 10. Which factor of production does management fall under?

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Question 11 11. What is a monopoly?

Question 12 12. M1 consists of which of the following?

Question 13 13. Exporting is the act of

Question 14 14. What terms denotes a time in which an economy no longer relies on heavy industry and manufacturing, but instead on the offering of services?

Question 15 15. What model is used to demonstrate markets and the flow of goods between firms and households?

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Question 16 16. What is consumer lock-in?

Question 17 17. The Industrial Revolution took place during the

Question 18 18. Which of the following is NOT a way that expansion and improvement of communication has affected the distribution of economic activity?

Question 19 19. Which of the following allows us to cope with scarcity of resources?

Question 20 20. Who is normally the consumer in a resource market?

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Question 21 21. You are overseeing the construction of buildings on an island. Why would you want to build high-rises?

Question 22 22. What is the term that economists use to describe the theoretical consumer of needs and wants?

Question 23 23. Which of these is the most liquid?

Question 24 24. What is the name of the market in which households buy goods from firms?

Question 25 25. What is defined as large-scale departure of companies, assets, and wealth from a country due to economic instability or the opportunity for cheaper production?

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Question 26 26. What are economic activities?

Question 27 27. You have an economics test tomorrow that you would like to pass. Which of the following activities has the greatest utility?

Question 28 28. Which of the following gives an example of utility changing depending on the circumstances?

Question 29 29. Which is an example of fixed capital?

Question 30 30. Which of the following economic systems is characterized by state ownership of all factors of production?

TExES Core Subjects EC-6: Economic Principles Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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