
Chapter 13 Review
Authored by Mindy Garcie
Business
9th - 12th Grade
Used 2+ times

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22 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics is a study of consumer _____.
choices
availability
supply
demand
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Every country has a unique ___ that includes its leadership, the way it makes decisions, an dhow the country's citizens buy stuff.
economic system
entrepreneurship
supply and demand
command economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What you choose to ___ has a(n) ___ on the economies of other countries.
buy; impact
make; influence
do; fallout
trade; affect
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ___ economy is built on primary industries such as fishing and farming and it generally has very little waste and very little surplus.
Market
Mixed
Traditional
Command
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is specialization?
one a person chooses to specialize in one career field but ends up harming the economy
when a capitalist nation decides to focus its efforts on producing only 7 types of services
when a country focuses its efforts on producing a limited variety of goods or services
its when an economy is completely self-sustaining.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The buying and selling of various goods and services is called ___.
Marketplace
Trade
Scarcity
Economic interdependence
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
___ is the science of the whole economy, while ___ is the study of people, individual businesses, or markets.
global economics; microeconomics
macroeconomics; global economics
macroeconomics; microeconomics
microeconomics; macroeconomics
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