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WorksheetsEcon Vocab 2023
Total questions: 13
Worksheet time: 11mins
In a traditional economy, how are economic decisions made?
Government
By the President
Learned by customs and habits.
By the Prime Minister.
The economics continuum line shows –
The amount of democracy is in government.
The amount of money each country produces in a year.
How much command (government) and market (consumers) mix is in a country’s economy.
The line graph shows the literacy rate of a country.
What were the names of Ron Weasley's twin brothers?
Charlie and Percy
Billy and Bob
James and Sirius
Fred and George
If one American dollar is equal to 23 Mexican pesos, which country has a stronger economy?
Neither, they are equal.
Mexico
America
Cannot know until you find out the GDP
If the government of a country makes most of the economy decisions. Where would this country be on an economic continuum line?
Very close to the command end.
Very close to the market end.
In the middle, but closer to the market.
Exactly in the middle.
How many original districts were there?
11
12
13
14
When looking at exchange rates of countries, what is true?
The U.S. dollar is always higher than any other country.
Rates change daily because economies are changing daily.
Rates never change, $1 = $1 in all countries.
Only democracies have strong economies.
What is this definition? "INCOME" subtract "SPENDING" =
Saving
Credit
Stocks
Investing
Using credit is _______________ .
borrowing money.
giving money to charity.
better than cash.
better than buying stock.
Name that Pokémon?
Ninetails
Foxy
Fluff
Firefox
Looking at exchange rates between two countries can tell you what?
Which economy has a democracy.
Which economy is stronger.
Which economy is communist.
Which economy is command.
Economic questions can tell you:
What to produce
How to produce it
For whom to produce it
All of the above
How much money is worth in another country is called ____________.
trade
democracy
government
exchange rate
