1. Which of the following is the best example of a buyer indicating his or her wants in the marketplace?

Group of answer choices

Ariel posts product reviews on social media sites.

Javier answers a marketing survey.

Lola enrolls in a rewards program.

Qing avoids buying a certain high-priced product.

2. How might the implementation of government price controls have a negative effect?

Group of answer choices

by strengthening the market's information-transmission system too much

by taking away the meaning of the market price for buyers and sellers

by closely aligning the economic decisions of households and firms

by enforcing the equitable distribution of scarce resources.

3. Which of the following examples is a property right?

Group of answer choices

the license to drive an interstate commercial motor vehicle

the ability to worship and express religious ideas freely

the authority to transfer ownership of a car that belongs to you

the right to remain silent during an interrogation by police

4. The government just signed an agreement with a collection of automobile manufacturers specifying which production techniques are allowed and which are banned due to environmental concerns. This action answered the basic economic question of ______.

Group of answer choices

Who will get the goods and services?

How will the goods and services be produced?

What is the best method of production?

What goods and services will be produced?

5. The potential total output combinations of any two goods for an economy, given the available factors of production, is shown by a ______.

Group of answer choices

production possibilities curve

volatility coefficient

simple circular flow model

factor market analysis

6. If a small country in Africa receives a huge investment in new capital as a major corporation relocates there, its production possibilities curve will most likely ______.

Group of answer choices

split into two smaller ones

shift inward

shift outward

become a straight line

7. A technological production advance in one economic area:

Group of answer choices

is not possible.

affects all areas of the economy equally.

affects only the area for which it was developed.

may indirectly affect multiple economic areas.

8. Which of the following is a positive effect of free trade?

Group of answer choices

Buyers face fewer choices in the marketplace.

Producers encounter fewer economies of scale.

Some nations operate as closed economies.

Production based on comparative advantage helps to keep prices down.

9. Which of the following countries is among the top-five trading partners of the United States?

Group of answer choices

Russia

India

England

France

Mexico