WorksheetsBUS 2.2
Total questions: 10
Worksheet time: 20mins
The three basic economic questions begin with each word except _________.
how
who
what
why
Economic systems are the methods societies use to distribute ____________.
income
resources
possessions
wealth
In a market economy, economic decisions are made ________.
at the top
by industry leaders
by individuals
by the market place
The amount of money given or asked for when a service is called the ____________.
cost
dollars
price
worth
The amount of goods that producers will provide at various price is called _________.
quantity
stock
reserve
supply
The quantity of goods that consumers are willing and able to buy at various prices is called ___________.
demand
request
purchase
sale
The point at which the quantity demanded at the quantity supplied meet is called the _________ price.
break-even
dynamic
compromise
equilibrium
In a command economy, key economic decisions are made by _________.
a central authority
entrepreneurs
individuals
capitalists
The United States is primarily a _______ economy.
command
market
consumer
pizza
Another name for a market economy is a __________ system.
competitive
democratic
contemporary
capitalism
