Economic concepts
Authored by Ágota Halászné Králik
English
University
Used 18+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A science that studies the factors that determine the production, distribution and consumption of goods and services.
Economy
Economics
Microeconomics
Macroeconomics
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The system of producers, distributors and consumers of goods and services in a local, regional or national community.
Economics
Microeconomics
Economy
Macroeconomics
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A type of economy in which the government has total control over production, distribution and prices.
Planned economy
Market economy
National economy
Regional economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A type of economy in which there is free competition, economics decisions are based on the market, prices are determined by supply and demand.
Local economy
Planned economy
Market economy
Free economy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A category of economics which studies individual consumers, households and markets.
Macroeconomics
Regional economics
Microeconomics
Local economics
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A category of economics which deals with the system as a whole. It is concerned with reasons of inflation, unemployment, with economic growth or recession.
Microeconomics
International economics
Environmental economics
Macroeconomics
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Industries that extract raw materials directly from the earth or sea.
Primary industries
Secondary industries
Tertiary industries
Production industries
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