World Geography: Economics Terms
Authored by RONALD E TOMLINSON
Social Studies
9th - 12th Grade
Used 59+ times
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24 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The production and exchange of goods and services among a group of people.
Gross National Product
Natural Resources
Economy
Gross Domestic Product
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The way people produce and exchange goods.
Market Economy
Traditional Economy
Command Economy
Economic System
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A type of economic system in which families produce goods and services for their own use, with little surplus.
Traditional Economy
Command Economy
Market Economy
Mixed Economy
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A type of economic system in which production of goods and services is determined by a central government, which usually owns the means of production.
Traditional Economy
Command Economy
Market Economy
Mixed Economy
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A type of economic system in which production of goods and services is determined by demand of consumers.
Traditional Economy
Command Economy
Market Economy
Mixed Economy
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A type of economic system in which elements of one or more economic styles are used.
Traditional Economy
Command Economy
Market Economy
Mixed Economy
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A material on or near the earth, such as a tree, fish, or coal, that has economic value.
Infrastructure
Natural Resources
Import
Export
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