Basic Economics

Basic Economics

Assessment

Flashcard

Social Studies

12th Grade

Hard

Created by

Wayground Content

FREE Resource

Student preview

quiz-placeholder

24 questions

Show all answers

1.

FLASHCARD QUESTION

Front

In this type of economy, the people decide the supply, demand, and price.

Back

Market

2.

FLASHCARD QUESTION

Front

What is the definition of economics?

Back

The study of the production and distribution of goods and services

3.

FLASHCARD QUESTION

Front

One of the important parts of economics is interdependence. Which of the following is an example of interdependence? Options: People make their own clothing., People often move to places that aren't as crowded., People need goods and services provided by other people., People grow their own food.

Back

People need goods and services provided by other people.

4.

FLASHCARD QUESTION

Front

How will scarcity of a capital good impact price?

Back

Price would go up

5.

FLASHCARD QUESTION

Front

How much people want something

Back

demand

6.

FLASHCARD QUESTION

Front

The making, buying and selling of goods and services

Back

economics

7.

FLASHCARD QUESTION

Front

An economic system in which individuals and businesses make decisions about what to produce.

Back

Market economy

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?