NEW
Font size
WorksheetsEconomics
Total questions: 13
Worksheet time: 7mins
What image shows scarcity?
Which image shows natural resources?
Which image shows capital resources?
Which type of economy allows the government to determine what to produce, how to produce it, and who gets it?
Command Economy
Market Economy
Traditional Economy
Which type of economy allows past customs and family tradition to determine what to produce, how to produce it, and who gets it?
Command Economy
Market Economy
Traditional Economy
Which type of economy allows people to freely decide what to produce and how to produce it and people get or buy what they can afford?
Command Economy
Market Economy
Traditional Economy
What is domestic policy?
Policies that tell how the US deals with other nations
Policies that tell how the US deals problems inside the US
Policies that deal with the oceans
Policies that deal with the mountains
What is foreign policy?
Policy that tells how the US deals with other nations
Policy that tells how the US deals with problems insides the US
Policy that deals with the oceans
Policy that deals with space
What is specialization?
Being special
Making some feel special
Making yourself feel special
Focusing on making limited types of goods to make the best products on the market
What is inter dependency?
Depending on nature for all of your needs
Depending on your mom and dad for all of your needs
Depending on others to some of your needs
Depending on yourself for all of you needs
What is globalization?
how countries are coming together as one big global economy, making international trade easier
how countries stay apart to stay out of conflict
how the US deals with other nations
how the US deals with problems inside the US
What is an embargo?
Stopping trade with a nation for political reasons
Tax on imports
Limited amount of goods bought from a nation
Government giving money to help producers export their goods
What is a tariff?
Stopping trade with a nation for political reasons
Tax on imports
Limited amount of goods bought from other nations
Government giving money to help producers export their goods
