Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Economic Systems
Test Description: First Semester Final Review
Instructions: Answer all questions to get your test result.
1) Which one of the following is NOT one of the three economic questions answered by EVERY economic system?
A
What needs and wants will be satisfied with the goods and services produced?
B
How will the goods and services be produced?
C
What goods and services will be produced?
D
How will we make money?
2) The United States is an example of a...
A
Traditional Economy
B
Mixed Economy
C
Command Economy
D
Market Economy
3) Economic system that combines elements of the command and market economies.
A
Mixed Economy
B
Differing Economy
C
Dual Economy
D
Traditional Economy
4) Refers to the private ownership of resources by individuals, rather than by the government.
A
Private Sector
B
Marketism
C
Capitalism
D
Free Trade
5) A name of the U.S. economy is
A
Private Enterprise
B
Capitalism
C
Free Enterprise
D
All of the above
6) Goods and services are produced in a way it has always been done
A
Mixed Economy
B
Market Economy
C
Command Economy
D
Traditional Economy
7) Money left from sales after all the costs from operating the business has been paid
A
Bank Account
B
Cha Ching
C
Profit
D
Loss
8) Rivalry among businesses to sell their goods and services
A
Friction
B
Competition
C
Bargaining
D
Quarreling
9) Private property means you can do what with things of value?
A
all of the above
B
use
C
own
D
dispose
10) How many economic questions are answered by EACH economic system?
A
1
B
4
C
2
D
3
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?