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WorksheetsEconomy
Total questions: 12
Worksheet time: 6mins
What is a market economy?
Consumer tells producer what to make.
Market and government runs the economy.
What is a mixed economy?
It makes people do a particular action.
Market and the government runs the economy.
What is a barter economy?
Trading one good for another.
The government forces you to give them things.
What is supply and demand?
Tells how much of supply to give them.
Suppliers give amount they want to others.
What are opportunity costs?
Someone telling you what to do.
Your decision to do something over another.
What is scarcity of recourses.
Not having enough things to go around for everyone.
Having the amount needed.
How does a government effect the economy?
It affects it because it chooses what type of economy to have.
It affects it because they tell producers what to make.
All of the above.
Which type of government tells you exactly what you are allowed to do?
Capitalism
Socialism
Communism
Which type of government says that the economy should be run by the community as a whole?
Capitalism
Socialism
Communism
Which government says that the economy is run by private owners?
Capitalism
Socialism
Communism
Which government tells you what to buy/sell?
Command
Mixed
Which government lets yo decide what to buy/sell
Command
Mixed
