Economy - What do you know?

A specialist in the field of economics is a/an

• business specialist

• economist

• financial adviser

• macro-economist

Examines how societies use resources to produce and distribute goods and services

• economics
• macroeconomics
• microeconomics
• mixed economics

Examines economic decisions made by governments rather than by individuals

• economics
• macroeconomics
• microeconomics
• mixed economics

economic decisions made by individuals & businesses

• economics
• macroeconomics
• microeconomics
• mixed economics

Machines and technology used in the production of goods and services

• Capital (resources)
• Natural resources
• Transportation systems
• trade

A society’s economic resources include all of the following EXCEPT

• land
• power systems
• productive workers
• time

Economic systems develop in response to the problem of

• business practices
• funding methods
• scarcity
• taxation

Today, most of the world’s economies are

• command
• market
• mixed
• traditional

Goals of the American economic system include all of the following EXCEPT

• scarcity
• security
• efficiency
• stability

The resources of a society are limited, and peoples’ wants are unlimited.

• True
• False