High School Economics Q 14-18

14. If consumers want an item, producers will make more of this item. This is referred to as A. consumer sovereignty B. sustainability C. profit motive D. competition 15. The market system's answer to the fundamental question "Who will get the goods and services?" is most often: A. "Those who get utility from them." B. "Those who physically produced them." C. "Those who most need them." D. "Those willing and able to pay for them." 16. Lotteries, markets, barter, rationing, and prices are all methods commonly used to A. allocate scarce resources. B. collect taxes. C. improve productivity. D. invest in education and technology. 17. Economic productivity is best defined as A. the quantity of resources required for the production process. B. producing more goods and/or service than needed by society. C. having enough resources to meet production demands. D. the relationship of inputs to outputs. 18. Economic growth is often tied to investment in machinery, new technology, and education of the population. This is because A. these items lead to a greater productivity of inputs. B. the only way to measure economic growth is to observe changes in these factors. C. investment in these items are the sole determinant of output. D. all of these items improve capital resources