WorksheetsEconomics Word Wall Review
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
The value of all goods and services produced in a country in a single year
a)
Gross Domestic Product (GDP)
b)
command economy
c)
developed country
d)
developing country
e)
economics
2.
Economic system that is based on barter and trade. Relies heavily on agriculture.
a)
traditional economy
b)
command economy
c)
developed country
d)
developing country
e)
economics
3.
Economic system in which the central government makes all economic decisions
a)
command economy
b)
developed country
c)
developing country
d)
economics
e)
globalization
4.
Economic system based on free trade and competition
a)
market economy
b)
command economy
c)
developed country
d)
developing country
e)
economics
5.
Countries with less productive economies and a lower quality of life
a)
developing country
b)
command economy
c)
developed country
d)
economics
e)
globalization
6.
Countries with strong economies and a high quality of life
a)
developed country
b)
command economy
c)
developing country
d)
economics
e)
globalization
7.
Economic value of a person's skills and abilities
a)
human capital
b)
command economy
c)
developed country
d)
developing country
e)
economics
8.
The study of the ways that individuals and societies decide how to use their limited resources in order to satisfy their unlimited wants
a)
economics
b)
command economy
c)
developed country
d)
developing country
e)
globalization
9.
Process in which countries are increasingly linked together through culture and trade
a)
globalization
b)
command economy
c)
developed country
d)
developing country
e)
economics
10.
Process that uses large scale manufacturing and technology
a)
industrialization
b)
command economy
c)
developed country
d)
developing country
e)
economics
100 %
