Economics Quiz

Define the term Economics.

Define an Economy.

Define the Branches of economics.

Define Gross Domestic Product (GDP).

Who are the economic agents in a country?

List the Types of Economic System in the World.

Identify the 3 Economic Questions all countries face.

Explain the 3 Economic questions and relate them to the type of Economics system.

What is the central economic problem all economies of the world face?

Define the term Opportunity Cost.