Economics of SW Asia Vocabulary

Economics of SW Asia Vocabulary

6th - 7th Grade

20 Qs

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Economics of SW Asia Vocabulary

Economics of SW Asia Vocabulary

Assessment

Quiz

Social Studies

6th - 7th Grade

Medium

Created by

Carl Winter

Used 55+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a basic economic question?

What to produce?

How to produce it?

When to produce it?

For whom to produce it for?

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To make a living based on what their ancestors have done

Traditional economy

Command economy

Market economy

Mixed economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A central authority, usually a government, decides the answers to the basic questions of economics.

Traditional economy

Command economy

Market economy

Mixed economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Private citizens are allowed to open businesses for themselves and free to make decisions on the three questions for themselves.

Traditional economy

Command economy

Market economy

Mixed economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People are allowed to own private businesses, but government regulates businesses and industries sometimes a lot, sometimes a little.

Traditional

Command

Market

Mixed

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Someone who begins and finances a new business or industry, e.g. Mark Zuckerburg and Facebook

Entrepreneur

Service Industry

Diversification

Specialization

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Providing a service rather than a product to sell

Entrepreneur

Service Industry

Diversification

Specialization

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