WorksheetsThe Economics Brain Teaser
Total questions: 10
Worksheet time: 6mins
Which type of economy is based on culture and rituals?
market economy
command economy
traditional economy
mixed economy
Scarcity means resources are unlimited.
true
false
what does MP stand for?
Minimum Price
Marginal Product
Melting Point
Member Price
What does the 'R' in the CRAAP test for evaluating sources stand for?
Reproduction
Revolution
Resume
Relevancy
A monopoly is a market structure with many sellers.
true
false
In a capitalist economy, large enterprises are privately owned and operated for the purpose of generating (a) for their owners.
Inflation refers to a general rise in the price level over time.
true
false
What is the fundamental economic problem faced by societies?
How to increase population growth
How to distribute limited resources fairly and effectively
How to eliminate all wants
How to create unlimited resources
Phrase for referring to a visual: 'As you can (a) here...'
There are three major types of economic systems.
true
false