
Economics REview-Yay!
Authored by David smith
Social Studies
12th Grade
Used 4+ times

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53 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The buildings, machines, and tools that companies use to make products
capital resources
human resources
natural resources
entrepreneurs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
another word for money
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Increasing the money supply too quickly > currency loses value > prices increase
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The place where goods and services are exchanged
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
In this type of economy, the people decide the supply, demand, and price.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economy has central ownership, the government, and lack of individual choice?
Market
Mixed
Command
Traditional
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Who invented communism?
Plato
Karl Marx
Paul Samuelson
Adam Smith
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