EPF Ch 6 Vocab Pt1

EPF Ch 6 Vocab Pt1

KG - 12th Grade

14 Qs

quiz-placeholder

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EPF Ch 6 Vocab Pt1

EPF Ch 6 Vocab Pt1

Assessment

Quiz

Other

KG - 12th Grade

Easy

Created by

Rachael Baudendistel

Used 12+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the structure of methods and principles that a society uses to produce and distribute goods and services
economic system
factor payment
profit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the income people receive in return for supplying factors of production
profit
traditional economy
factor payment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the amount of money a business receives in excess of expenses
specialization
profit
market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a set of government programs that protect people who face unfavorable economic conditions
traditional economy
safety net
free market economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

level of economic prosperity
standard of living
product market
self-interest

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the process of bringing new methods, products, or ideas into use
firm
factor market
innovation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an economic system that relies on habit, custom, or ritual to decide the three key economic questions
market
traditional economy
specialization

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