
ECONOMIC TERMS
Authored by Shaun Saunders
Social Studies
6th Grade
Used 8+ times

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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is a person who takes a risk to start a business?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An undeveloped economy in which customs and habits from the past determine how decisions will be made; may be found in rural areas with high levels of subsistence farming and rely on barter rather than currency
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Most decisions of production and distribution are made by individuals and firms.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Government officials make most of the decisions regarding production and distribution of goods and services.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The market value of all final goods and services produced in a country in a calendar year.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
People focus on producing a few things instead of making everything they want by themselves is called...
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Resources such as rivers, fish, trees and oil are called________________________.
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