Economics Vocabulary

Economics Vocabulary

9th - 12th Grade

10 Qs

quiz-placeholder

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Economics Vocabulary

Economics Vocabulary

Assessment

Quiz

Other

9th - 12th Grade

Easy

Created by

Guadalupe Lemus

Used 8+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which Country would be an example of a Command Economy

United States

None of the above

North Korea

New Zealand

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of traditional economy

activities such as fishing, hunting, gathering, and agriculture

custom activity

the use of scarce resources

all of the above

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

_ is the social science that studies the choices that individuals, businesses, governments, and entire societies make as they cope with scarcity and the incentives that influence and reconcile those choices.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the study of choices that individuals and business make, the way of the choices interact in markets and the influence of governments

macroeconomics

microeconomics

efficiency

economics

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which if the following is the study of the performance of the national economy and the global economy

Microeconomics

Production

Macroeconomics

Market Economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the factors of production

Land, Labor, and Capital only

Land and capital only

Capital and Entrepreneurship only

Land, Labor, Capital, and Entrepreneurship

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of of Traditional Economy

There is no traditional economy in today time

Central African Mbuti

Societies with indigenous people

Both Central African Mbuti and Societies with indigenous people

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