This quiz works best with JavaScript enabled. Home > Economics > Incentives > General > Incentives – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Incentives Quiz 6 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following countries was most successful in creating long-lasting, permanent settlements along the Atlantic coast of North America? A) England. B) France. C) Portugal. D) Spain. Show Answer Correct Answer: A) England. 2. Hour spent on 1 activity takes away 1 hour from another activity. A trade-off is called ..... A) Scarcity. B) Opportunity cost. C) Surplus. D) Shortage. Show Answer Correct Answer: B) Opportunity cost. 3. A plan for spending A) Income. B) Sales tax. C) Expenses. D) Budget. Show Answer Correct Answer: D) Budget. 4. Items that are owned by an individual A) Assets. B) Property. C) Expenses. D) Liabilities. Show Answer Correct Answer: A) Assets. 5. Input allowance for 60 FMD meetings is A) 5000. B) 4000. C) 6000. D) 4500. Show Answer Correct Answer: A) 5000. 6. ..... father of economics, wrote the wealth of nations, and believed in a concept known as the invisible hand. A) Adam Smith. B) David Ricardo. C) Thomas Malthus. D) None of above. Show Answer Correct Answer: A) Adam Smith. 7. What is a reward or penalty used to encourage people to behave in certain ways? A) Consumer sovereignty. B) Competition. C) Specialization. D) Incentive. Show Answer Correct Answer: D) Incentive. 8. What is ..... A voucher that provides a discount for the customer at the time of the purchase? A) Rebate. B) Discount. C) Coupon. D) Sale Price. Show Answer Correct Answer: C) Coupon. 9. What is the multiplier for Bronze Foundation Incentive A) 35%. B) 20%. C) 10%. D) 15%. Show Answer Correct Answer: D) 15%. 10. Successful entrepreneurs enjoy their work and often start their businesses so that they can share their interests and enthusiasm with others. In other words, successful entrepreneurs have ..... what they do. A) Passion for. B) Concerns about. C) Reservations about. D) Apathy for. Show Answer Correct Answer: A) Passion for. 11. What is the final price if you have a half-price coupon for a $ 44.40 dress? A) $ 22.00. B) $ 22.40. C) $ 22.20. D) $ 20.20. Show Answer Correct Answer: C) $ 22.20. 12. What is ..... The amount of money a manufacturer reimburses the customer after purchasing the item. A) Sale Price. B) Discount. C) Rebate. D) Coupon. Show Answer Correct Answer: C) Rebate. 13. If Itzel bought 9 pairs of socks at $ 6 per pair and qualified for the $ 10 off promotion, what was the final price of the socks, before sales tax? A) $ 54. B) $ 44. C) $ 60. D) $ 50. Show Answer Correct Answer: B) $ 44. 14. Marielle computed her taxable income last year as $ 47, 678. Over the year, she paid $ 7, 201 in federal withholding. Her tax bracket shows that she owes $ 6, 358. What is her refund? A) $ 868. B) $ 830. C) $ 843. D) $ 855. Show Answer Correct Answer: C) $ 843. 15. If I study for my scientific method quiz, then I will have a better test score. What is the dependent variable? A) Scientific Method. B) Test score. C) Independent variable. D) Studying. Show Answer Correct Answer: B) Test score. 16. A buy one get one free sale at a shoe store is an example of what economic concept? A) Incentive. B) Choice. C) Profit. D) Opportunity cost. Show Answer Correct Answer: A) Incentive. 17. Exclusive rights to symbols or designs. A) Trademark. B) Copyright. C) Patent. D) Exclusivity rights. Show Answer Correct Answer: A) Trademark. 18. Every consumer has a vote, your choices (where you spend and what you buy) drive A) Behavior of consumers. B) Decision making process. C) People crazy. D) Behavior of producers. Show Answer Correct Answer: D) Behavior of producers. 19. What makes a resource or good scarce? A) Must be limited in quanity. B) Must be desirable. C) Must have more than one use. D) All of these answers. Show Answer Correct Answer: D) All of these answers. 20. ..... not enough of something that people want A) Scarcity. B) Opportunity Cost. C) Tradeoff. D) None of above. Show Answer Correct Answer: A) Scarcity. 21. What valuable trade items encouraged European nations to search for a water route to Asia? A) Gold and silver. B) Bronze and copper. C) Iron and weaponry. D) Silk and spices. Show Answer Correct Answer: D) Silk and spices. 22. What is the percent off a $ 69.99 dinnerware set; discount = $ 28.00 A) 20%. B) $ 20.00. C) 50%. D) 40%. Show Answer Correct Answer: D) 40%. 23. Which of the following was the initial reason that European countries started exploration? A) To find trade routes with the Americas. B) To find water trade routes to Asia. C) To find water trade routes to Caribbean Islands. D) To find trade routes with Canada. Show Answer Correct Answer: B) To find water trade routes to Asia. 24. When is Bronze Pin awarded? A) After achieving 15%. B) After the first Bronze Builder Inventive earning month. C) After achieving 12%. D) After the first Bronze Foundation Inventive earning month. Show Answer Correct Answer: B) After the first Bronze Builder Inventive earning month. 25. How much CSI will a 12% earn? A) 2%. B) 0%. C) 10%. D) 7%. Show Answer Correct Answer: B) 0%. 26. A bracelet that regularly sells for $ 44 is on sale for 25% off. Find the sale price of the bracelet. A) 11.00. B) 15.60. C) 17.38. D) 11.50. Show Answer Correct Answer: A) 11.00. 27. Something that motivates people to behave in a certainwayA. incentiveb. profitc. competitiond. price incentive A) C. B) D. C) A. D) B. Show Answer Correct Answer: C) A. 28. The act of assuming the risk of organizing productive resources to produce goods and services. A) Critical thinking. B) Entrepreneurship. C) Business. D) Risk management. Show Answer Correct Answer: B) Entrepreneurship. 29. What is the final price if you have a 15% discount off a $ 329.00 tablet? A) 378.45. B) $ 378.35. C) $ 32.90. D) $ 279.65. Show Answer Correct Answer: D) $ 279.65. 30. Exclusive rights given to the inventor of a product, for a specific period of time, to protect them from others copying their product. A) Exclusivity rights. B) Patent. C) Copyright. D) Trademark. Show Answer Correct Answer: B) Patent. ← PreviousNext →Related QuizzesIncentives QuizzesEconomics QuizzesIncentives Quiz 1Incentives Quiz 2Incentives Quiz 3Incentives Quiz 4Incentives Quiz 5Incentives Quiz 7 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books