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Economics Chapter 2

Authored by undefined Cisneros

Social Studies

12th Grade

Used 125+ times

Economics Chapter 2
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21 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

In this type of economy, the individual decides who to sell their products to.  

Traditional 
Market
Command

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

The government has little to no role in the production of goods in this type of economy. 

Traditional 
Command 
Market

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

_______ is another word for Market Economy. 

Capitalism 
Communism

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is GDP?

The market value of the goods and services produced by a Country's economy and compare it to other countries
 Grand Opening Procedure
Germany Departing Poland 

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In my country my job is the same one that my family has done over the past 200 years.

Traditional

Command

Market

Mixed

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In my country, the government tells me where to work.

Traditional

Command

Market

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

__________ : when people want or need more of something than there is.

Scarcity

Profit

Opportunity Cost

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