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Economics Vocabulary

Authored by Billy King

Social Studies

7th Grade

Used 303+ times

Economics Vocabulary
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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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