Economics Vocabulary
Authored by Billy King
Social Studies
7th Grade
Used 300+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A system in which private business makes all the decisions
Market Economy
Traditional Economy
Command Economy
Mixed Economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Government Makes all the economic decisions
Market
Mixed
Market
Command
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A system that is a blend between Market and Command
Market
Command
Mixed
Traditional
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An Economic System in which things were done in the past such as Bartering
command
Traditional
Market
Mixed
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ability ot read and write
Human Capital
Literacy Rate
Capital Goods
Opec
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Skills and education workers have
Human Capital
Capitol Goods
Literacy Rates
Opec
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The factories and machines used to make goods
Literacy rates
Human Capitol
Capital Goods
GDP
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