Louisiana's Economy
Authored by Brett Thomas
Social Studies
8th Grade
Used 89+ times
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29 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The system of producing, distribution, and consumption of goods and services
Marketing
Economics
Command
Producer
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economic system is based on individuals making their own decisions about money?
Mercantilism
Market System
Command System
Traditional System
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economic system is based on the government making decisions about money?
Mercantilism
Market System
Command System
Traditional System
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economic system is decisions about money passed down from generation to generation?
Mercantilism
Market System
Command System
Traditional System
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system is also known as Free Enterprise or Capitalism?
Market System
Mercantilism
Command System
Traditional System
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Physical products you get when you buy something such as a car, computer, phone, or clothes?
Opportunity Cost
Service
Demand
Good
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you pay somebody to do something for you like a mechanic, babysitter, or barber
Opportunity Cost
Service
Demand
Good
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