WorksheetsEco-Smart Challenge
Total questions: 10
Worksheet time: 7mins
Phrase for introducing an example: 'A (a) example of this is...'
What drives production and efficiency in a market economy?
Government regulations
Consumer choices
International trade
Cultural traditions
A mixed economy is an economy with both free markets and government intervention.
true
false
What does the 'P' in the CRAAP test for evaluating sources stand for?
purpose
product
primary
people
Socialism is an economic system characterized by public (a) and centralized planning of all major industries.
Economic systems mainly deal with the relationships between production (supply) and (a) (demand).
Economics only deals with money and banking
true
false
What is the term for activities that link the elements of the production system, such as transport and communications?
(a)
Which are primary factors of production?
labour
land
products
capital
The enterprise is often considered the fourth factor of production, responsible for organizing the other three
true
false
