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economics chapter 2 test review

Total questions: 25

Worksheet time: 8mins

Name
Class
Date
1.

What is #1?

a)

Consumers

b)

Economy

c)

Government

d)

Revenue

2.

What is B?

a)

Factor Market

b)

Firms

c)

Product Market

d)

Individuals

3.

What is #2?

a)

Resources

b)

Goods & Services

c)

Revenue

d)

Costs

4.

What is A?

a)

Product Market

b)

Firms

c)

Factor Market

d)

Individuals

5.

What is #8?

a)

Goods & Services

b)

Spending

c)

Resources

d)

Income

6.

What is #4?

a)

Spending

b)

Revenue

c)

Income

d)

Costs

7.

What is C?

a)

Individuals

b)

Product Market

c)

Firms

d)

Factor Market

8.

What is #3?

a)

Resources

b)

Goods & Services

c)

Revenue

d)

Costs

9.

What is D?

a)

Firms

b)

Product Market

c)

Factor Market

d)

Individuals

10.

What is #10?

a)

Taxes

b)

Transfer payments

c)

Subsides

d)

Government spending

11.

What is #5?

a)

Spending

b)

Subsides

c)

Goods & Services

d)

Taxes

12.

What is Y?

a)

Resources

b)

Government Spending

c)

Goods & Services

13.

What is #15?

a)

Supply

b)

Demand

14.

What is #7?

a)

Goods & Services

b)

Spending

c)

Taxes

d)

Income

15.

What is #12?

a)

Transfer Payments

b)

Taxes

c)

Government spending

d)

Subsides

16.

What is #9?

a)

Resources

b)

Goods & Services

c)

Spending

d)

Income

17.

What is #11?

a)

Taxes

b)

Transfer payments

c)

Subsides

d)

Government spending

18.

What is W?

a)

Goods & Services

b)

Resources

c)

Government spending

19.

What is #14?

a)

Demand

b)

Supply

20.

What is #6?

a)

Income

b)

Goods & Services

c)

Spending

d)

Taxes

21.

What is X?

a)

Resources

b)

Government Spending

c)

Goods & Services

22.

What is #13

a)

Supply

b)

Demand

23.

What economy is this Chart ?

a)

Market Economy

b)

Command Economy

c)

Mixed Economy

24.

What is #16?

a)

Demand

b)

Supply

25.

What is Z?

a)

Resources

b)

Government Spending

c)

Goods & Services