Economics Vocabulary
Quiz
•
Social Studies
•
7th Grade
•
Hard
Wayground Content
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Government Makes all the economic decisions
Market
Mixed
Market
Command
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
exchange (goods or services) for other goods or services without using money.
Market
exchange rate
bartering
Mixed
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The factories and machines used to make goods
Literacy rates
Human Capitol
Capital Goods
GDP
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A system in which private business makes all the decisions
Market Economy
Traditional Economy
Command Economy
Mixed Economy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ability ot read and write
Human Capital
Literacy Rate
Capital Goods
Opec
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods purchased form other countries
exports
imports
Specialization
GDP
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A limit on imported goods
Quota
Embargo
Tariff
Command
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