
GED Economics Practice Test Vocab
Authored by Mr. Dwyer
Social Studies
9th - 12th Grade
Used 10+ times

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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Natural resources, capital, labor, and entrepreneurs
Law of Supply and Demand
Resources needed for a free market economy to produce goods and services
A communist economy
Natural Resources
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a communist economy who makes all business decisions?
Entrepreneurs
The Law of Supply and Demand
The Government
Business Owners
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system is founded on the right to private property and the freedom of people to buy and sell things for a price determined by supply and demand?
Fascism
Socialism
Communism
Capitalism
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anything you can buy that you hope will make money for you in the future.
Capital investment
Labor
Natural Resources
Producer Goods
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money collected by government from businesses and individuals so that government can pay for roads, bridges, and other services.
Fees
Revenue
Taxes
Inome
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Certificate that shows ownership of a percentage ownership of a company.
Stock
Bond
Rent
Loan
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Certificate that shows that an investor has made a loan to a company or to a government; hoping to be repaid the loan amount plus interest.
Stock
Bond
Equity
Shares
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