Intro to Economics Review
Authored by ARIANNE CAMPBELL
Social Studies
9th - 12th Grade
Used 5+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are simplified representations of the real world?
models
wants
incentives
economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are things we would like to have, such as entertainment or vacations?
needs
wants
incentives
free enterprise
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the study of how we make decisions in a world where resources are limited?
economics
economy
captialism
market economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is all the activity in a nation that together affects the production, distribution, and use of goods and services?
economics
economy
captialism
market economy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are things that are required for survival, like food and clothing?
wants
needs
incentives
rational choice
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a system in which private citizens own most, if not all, of the means of production?
economy
free enterprise
market economy
capitalism
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a system in which businesses are allowed to compete for profit with minimum gov. interference?
economics
capitalism
Free enterprise
market economy
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