WorksheetsEconomics chapter 16 lesson 1
Total questions: 10
Worksheet time: 5mins
which of the following is an economic system?
Society's economy
United states economy
Market economy
Unlimited wants
What is an example of an economic question?
How many people are there in the world
For whom?
What is the states income
This is the right answer
What type of economy does the united states use?
Market economy
Traditional economy
Command economy
Mixed Economy (is actually real)
Does a Society get to decide where good and services get distributed?
Yes
No
I don't know
Don't care
What is a good?
Something we can touch
Something we can hold
Services done for us
all of the above
what is market economy?
When businesses and individuals own their own resources.
When the people can create laws
people have the right to bare arms
I don't care
What is a resource?
The things that can be used to make products or services people want
Things that can be made
Things that we rarely use
I give up
Examples of a need is .......
A pony to ride on
clothes, water, food
a Phone
Electronic devices
Examples of a want
Clothes
Food
Water
A whole bunch of candy and amusement park ride.
What is an example of an economic question?
How many people are there in the world
For whom?
What is the states income
This is the right answer
