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ECONOMICS FINAL Review 2

ECONOMICS FINAL Review 2

Assessment

Flashcard

Social Studies

11th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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49 questions

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1.

FLASHCARD QUESTION

Front

________ is the most basic economic problem.

Back

Scarcity

2.

FLASHCARD QUESTION

Front

Which of the following would be an example of human capital? Options: The amount of workers who work in a Nike factory, The skills of the shoe designers at Nike, Philip Knight, the CEO of Nike, The land that the Nike headquarters is located on in Beaverton Oregon

Back

The skills of the shoe designers at Nike

3.

FLASHCARD QUESTION

Front

Only the government decides what goods and services will be produced in a market economy.

Back

False

4.

FLASHCARD QUESTION

Front

The four types of economic systems are: Traditional, Command, Mixed, & Market.

Back

Traditional, Command, Mixed, & Market

5.

FLASHCARD QUESTION

Front

Which of the following is a need? (clothes, car, job, smart phone)

Back

clothes

6.

FLASHCARD QUESTION

Front

How do you satisfy your unlimited wants in a world of limited resources? Options: by making more money, by making choices, by stealing, by setting a budget

Back

by making choices

7.

FLASHCARD QUESTION

Front

Is this shelter a want or a need?

Media Image

Back

Want

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Microsoft

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Apple

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