Basic Economic Terms
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Basic Economic Terms
Quiz
•
Geography
•
7th Grade
•
Medium
Michelle Holbrook
Used 3+ times
FREE Resource
11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is another word for trading?
wage
subsistence
entrepreneurship
Bartering
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do we call an economy where the government is in total control
Command
Market
Traditional
Mixed
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who starts a business is called what?
Dictator
President
Entrepreneur
Worker
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Type of economy where the people are in control.
Command
Market
Traditional
Mixed
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the word for when a person produces only what they need to survive?
Subsistence
Market
Consumer
Command
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economy based on traditions and customs
Command
Market
Traditional
Mixed
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Most common type of Economy
Command
Market
Traditional
Mixed
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