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Seventh Grade (Grade 7) Economics Questions

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Grade 7 Economics
Why does the United States government enforce anti-trust laws?
  1. to limit competition
  2. to promote competition
  3. to increase taxes
  4. to provide additional public goods and services
Grade 7 Economics
Which of these is not a factor of production?
  1. land
  2. timber
  3. food
  4. oil
Grade 7 Economics
What government agency regulates business by controlling what is seen and heard on television and radio?
  1. Federal Communications Commission
  2. Federal Trade Commission
  3. Environmental Protection Agency
  4. National Aeronautics and Space Administration
Grade 7 Economics
Enforcing antitrust legislation discourages the development of:
  1. competition
  2. new businesses
  3. low wages
  4. monopolies
Grade 7 Economics
The mass media have a                  on public opinion.
  1. public officials
  2. interest groups
  3. major influence
  4. powerful images
Grade 7 Economics
                  are people from other countries who are buying a product.
  1. customers
  2. foreign consumers
  3. sector
  4. population
Grade 7 Economics
One of the founders of Apple (Mac computers):
  1. Bill Gates
  2. Steve Martin
  3. Mark Zuckerberg
  4. Steve Wozniak
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