Introduction to Economics & Types of Economies
Authored by Kaylei Scheible
Business
7th Grade
Used 162+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of economy is also called a free enterprise system?
Command
Market
Traditional
Mixed
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
On organized way in which a nation chooses to use its resources to create goods/services.
Economic systems
Traditional economy
Command Economy
Mixed Economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One in which economic decisions are based on a society's values, cultures and customs.
Mixed Economy
Traditional Economy
Market Economy
Command Economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A science that examines how goods and services are produced, sold, and used.
Economy
Economics
Economic Resources
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
These are always limited. Individuals, businesses, and government must decide on how to use these.
Economic resources
Factors of Production
Market Forces
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
These are economic resources a nation uses to make goods and services for its population.
Economic Resources
Factors of Production
Market Forces
Economic Problem
7.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the four factors of production?
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