Mocha Island Quiz

When a country or company produces just one product, that is called:

• Specialization
• Supply
• Scarcity

Individuals, groups or nations depend on each other for resources, products or services. 

• Demand 
• Interdependence
• Specialization

A government that is run by or working with religion:

• Dictatorship
• Theocracy
• Democracy

The amount people are willing to sell or are able to PROVIDE at various prices:

• supply
• demand
• input

An economic system where the government tells the people what to make, what to   purchase and can set the prices:

• Traditional
• Free market
• command

Another term for the finished product:

• Demand
• output
• input

A type of economy where people have a choice of what to sell, buy and of prices.

• Command
• market
• theocracy

When businesses try to out-do each other or compete.

• demand
• competition
• specialization

Which question is one of the Three Fundamental Questions of Economics:

• How much money will I make? 
• Am I allowed to sell this? 
• What should I produce? 

A free market economy depends on:

• supply and demand
• input and output
• democracy and dictatorship