PFET: Unit 1, Weeks 1 and 2 Review

PFET: Unit 1, Weeks 1 and 2 Review

Assessment

Flashcard

Social Studies

12th Grade

Hard

Created by

Wayground Content

FREE Resource

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16 questions

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1.

FLASHCARD QUESTION

Front

Economics is the study of _________________

Back

how individuals and society make decisions about ways to use scarce resources to fulfill wants and needs

2.

FLASHCARD QUESTION

Front

Microeconomics is about how individuals make economic decisions

Back

true

3.

FLASHCARD QUESTION

Front

Is it true that macroeconomics is the day-to-day decisions that people make every day?

Back

false

4.

FLASHCARD QUESTION

Front

Is "When we are going to produce this product?" an example of one of the five economic questions?

Back

false

5.

FLASHCARD QUESTION

Front

An example of a traditional economy is_______________

Back

Amish society

6.

FLASHCARD QUESTION

Front

A command economy is an economy where___________________

Back

the government has total control of the economy

7.

FLASHCARD QUESTION

Front

A market economy is when consumer choices determine how industries and financial markets operate

Back

true

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