Econ Vocab Review 31

Econ Vocab Review 31

9th - 12th Grade

36 Qs

quiz-placeholder

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Econ Vocab Review 31

Econ Vocab Review 31

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Easy

Created by

William Daisley

Used 5+ times

FREE Resource

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36 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an economic system where the prices, goods, services, and income are regulated by the government

Traditional Economy

Command Economy

Market Economy

Mixed Economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an economy in which the goods and services available are set by consumers and producers, with no government authority or monopoly to intervene

Traditional Economy

Command Economy

Market Economy

Mixed Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an economic system where citizens and the government make economic decisions

Traditional Economy

Command Economy

Market Economy

Mixed Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an economy where traditions, customs and beliefs determine which goods are producer and how they are distributed

Traditional Economy

Command Economy

Market Economy

Mixed Economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

things that you must have to survive

needs

Competition

factors of production

costs of production

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the contest between business to maximize profits; a rivalry between two or more businesses trying to sell products to the same customer or market

needs

Competition

factors of production

costs of production

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

four basic categories of resources used to produce all goods and services, natural resources, human resources, capital resources and entrepreneurship

needs

Competition

factors of production

costs of production

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