Economics Summative Review

Economics Summative Review

8th Grade

20 Qs

quiz-placeholder

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Economics Summative Review

Economics Summative Review

Assessment

Quiz

Social Studies

8th Grade

Practice Problem

Medium

Created by

Devin Wise

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ is the study of how people manage limited resources to satisfy their wants and needs.

Economics

Supply

Demand

Business Plan

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this type of economy, economics decisions are made by individuals and businesses.

Traditional

Command

Market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this type of economy, people barter to obtain goods and services they need.

Traditional

Command

Market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this type of economy, the government makes all of the economic decisions.

Traditional

Command

Market

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this type of economy, technology and money do not play a significant role.

Traditional

Command

Market

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this type of economy, there is no competition between businesses.

Traditional

Command

Market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this type of economy, jobs usually relate to the family or are passed down by the parents to their children.

Traditional

Command

Market

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