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WorksheetsG9: Ch1 Econ 24-25
Total questions: 11
Worksheet time: 7mins
Why is a currency important to a country? Select 2.
It gives identity to a country.
It enables agencies to keep track of transactions.
It reveals the condition of a country's economy.
It provides labor force.
What's the importance of a country having a labor force? Select 2.
It ensures the creation of products.
It ensures that sports are properly monitored.
It ensures the rendering of services.
It ensures the security of people from calamities.
What does GDP stand for?
Gross Domestic Purchases
Gross Domestic Performance
Gross Domestic Publicity
Gross Domestic Product
What revolutionary historical event has brought families together into communities?
Discovery of Hunting
Discovery of Agriculture
Discovery of Fire
Discovery of Markets
What does the Greek word Oikonomia mean?
Management of Farm
Management of Self
Management of Time
Management of Household
What do you call something that you use to make something else that's useful?
a thaang
a resource
an article
a nothaang
Who is considered the "Father of Modern Economics"?
Adam Sandler
Adam Brody
Adam Smith
Adam Lambert
What system is a form of economic nationalism that sought to increase the prosperity and power of a nation through restrictive trade practices
Free Trade
Mercantilism
Socialism
Selling
What is scarcity? Select all that apply.
a condition where there is lack of resources
a condition where there is an abundance of resources
a condition where people don't get all what they want
a condition where there is shortage of things
Which of the following are considerd types of resources? Select all that apply.
Economic
Human
Natural
Man-made
What are economic goods? Select 2.
Goods made from other goods
Goods that you can freely acquire from the environment.
Goods that you have to pay for
Goods that are not produced but made.
