
Econ Unit 2
Authored by Billy Helms
Social Studies
12th Grade
Used 22+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This drives individuals and businesses to make decisions that improve their Material well being.
Profit Motive
welfare
GDP
Traditional Economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The concentration of the productive efforts of individuals on a limited number of activities.
Specialization
Market Failure
Eminent Domain
Business cycle
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Alternating pattern of periodic expansion and contraction
Specialization
Interst Group
Business Cycle
Welfare
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Government aid to individuals with lower incomes
Market Failure
Welfare
Business Cycle
Specialization
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Answers the three basic economic questions
Specialization
Interest Group
Welfare
Free Market Economy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This relies on habit, custom or ritual
Traditional Economy
Zen Economy
Supply Side Economics
Voodoo Economics
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A situation in which the free market operating on its own does not distribute resources efficiently
Failure of Lunch
Backside Fakie
Market Failure
Failure to launch
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