World Geography: Economics Terms

World Geography: Economics Terms

9th - 12th Grade

24 Qs

quiz-placeholder

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World Geography: Economics Terms

World Geography: Economics Terms

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

RONALD E TOMLINSON

Used 58+ times

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24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The production and exchange of goods and services among a group of people.

Gross National Product

Natural Resources

Economy

Gross Domestic Product

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The way people produce and exchange goods.

Market Economy

Traditional Economy

Command Economy

Economic System

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A type of economic system in which families produce goods and services for their own use, with little surplus.

Traditional Economy

Command Economy

Market Economy

Mixed Economy

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A type of economic system in which production of goods and services is determined by a central government, which usually owns the means of production.

Traditional Economy

Command Economy

Market Economy

Mixed Economy

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A type of economic system in which production of goods and services is determined by demand of consumers.

Traditional Economy

Command Economy

Market Economy

Mixed Economy

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A type of economic system in which elements of one or more economic styles are used.

Traditional Economy

Command Economy

Market Economy

Mixed Economy

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A material on or near the earth, such as a tree, fish, or coal, that has economic value.

Infrastructure

Natural Resources

Import

Export

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