Economics Summative Review
Authored by Devin Wise
Social Studies
8th Grade
Used 143+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_____ is the study of how people manage limited resources to satisfy their wants and needs.
Economics
Supply
Demand
Business Plan
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In this type of economy, economics decisions are made by individuals and businesses.
Traditional
Command
Market
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In this type of economy, people barter to obtain goods and services they need.
Traditional
Command
Market
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In this type of economy, the government makes all of the economic decisions.
Traditional
Command
Market
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In this type of economy, technology and money do not play a significant role.
Traditional
Command
Market
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In this type of economy, there is no competition between businesses.
Traditional
Command
Market
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In this type of economy, jobs usually relate to the family or are passed down by the parents to their children.
Traditional
Command
Market
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