Economics: Question Preview (ID: 2315)

Below is a preview of the questions contained within the game titled ECONOMICS: Economic Systems .To play games using this data set, follow the directions below. Good luck and have fun. Enjoy! [print these questions]

Play games to reveal the correct answers. Click here to play a game and get the answers.

This is NOT a factor of production
a) Land b) Labor c) Capital d) Wants
The study of how people or nations use their scarce resources to satisfy their unlimited wants and needs.
a) Diplomacy b) Human Resources c) Economics d) Entrepreneurship
Examples are money, buildings, equipment, and tools
a) Capital b) Credit c) Entrepreneurship d) Free enterprise
This is also referred to as human resources
a) Communism b) Labor c) Payroll d) Capital
Refers to the fact that people want more than they can have
a) resources b) capital c) scarcity d) labor
This is the type of economic system with the most freedom to run a business.
a) Communism b) Capitalism c) Socialism d) Democracy
This is the economic system that has the most government control.
a) Communism b) Capitalism c) Socialism d) Democracy
The United States is an example of this type of economic system
a) Communism b) Capitalism c) Socialism d) Democracy
The following is NOT an example of a natural resource
a) Trees b) Oil c) Minerals d) Computers
People who invest time and money to run a business
a) Shift Manager b) Credit Manager c) Entrepreneurs d) Bank Executive
Play Games with the Questions above at
To play games using the questions from the data set above, visit and enter game ID number: 2315 in the upper right hand corner at or simply click on the link above this text.

Log In
| Sign Up / Register