
Consumer Ed Economics Review
Authored by Stephanie Farris
Social Studies, Education, Other
Used 14+ times

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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of economic system allows the government to decide what to produce, how to produce and for whom to produce?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Country of North Korea has a dictator that makes all of the economic decisions. What type of economy is this?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
________ is the most basic or fundamental economic problem.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of economy do most countries in the world have?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Scarcity is when...
there aren't enough resources for everyone
one business tries to intimidate another
a company is in danger of losing all of their money
a company sells too much of its stock
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is the study of the nations economy as a whole.
Microeconomics
National economy
National output
Macroeconomics
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is the study of individuals and firms making economic decisions
macroeconomics
resources
microeconomics
opportunity cost
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