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Basic Elements of Econ.:UNIT 4 TEST CH16-18

Total questions: 20

Worksheet time: 40mins

Name
Class
Date
1.

moving from place to place to work

a)

economists

b)

migrant

c)

money traps

d)

bank savings account

e)

federation

2.

credit cards, payday loans, lotteries, and gambling

a)

economists

b)

migrant

c)

money traps

d)

bank savings account

e)

federation

3.

people who study the economy

a)

economists

b)

migrant

c)

money traps

d)

bank savings account

e)

federation

4.

a way to save that pays you interest 

a)

economists

b)

migrant

c)

money traps

d)

bank savings account

e)

federation

5.

a government that links and unites different groups

a)

economists

b)

migrant

c)

money traps

d)

bank savings account

e)

federation

6.

Economists want the government to own all business.

a)

True

b)

False

7.

Adam Smith said free trade helps the economy to grow.

a)

True

b)

False

8.

Karl Marx did not believe in competition.

a)

True

b)

False

9.

Economists study about caring for animals in zoos.

a)

True

b)

False

10.

All economists want free trade.

a)

True

b)

False

11.

Credit cards can take your money fast! 

a)

True

b)

False

12.

The choices that you make every day are important.

a)

True

b)

False

13.

Union leaders talk to factory managers about safety. 

a)

True

b)

False

14.

Migrant workers are factory managers. 

a)

True

b)

False

15.

Cesar Chavez was a peaceful man. 

a)

True

b)

False

16.

A bank savings account pays you ____________.

a)

communism 

b)

economics

c)

capitalism 

d)

farm workers

e)

interest

17.

"How people do business" is _____________.

a)

communism 

b)

economics

c)

capitalism 

d)

farm workers

e)

interest

18.

Cesar Chavez helped _______________.

a)

communism 

b)

economics

c)

capitalism 

d)

farm workers

e)

interest

19.

A system of social organization based on the holding of all property in common or by the government is ______________.

a)

communism 

b)

economics

c)

capitalism 

d)

farm workers

e)

interest

20.

An economic system based on private property and free enterprise is ______________.

a)

communism 

b)

economics

c)

capitalism 

d)

farm workers

e)

interest