Review Game Zone
Games
Test
Preview
Back
Match it!
Match it! Select the correct answer from the pull down...Good luck!
The ways in which factors of production are combined determines the answer to which economic question?
How will goods be produced?
organize the other factors and make things happen.
technology.
competition and self-interest
Adam Smith
low unemployment due to guaranteed jobs
providing additional goods and services.
There are not enough resources to make everything we want.
Improved technology helps create a higher standard of living for future generations by
How will goods be produced?
organize the other factors and make things happen.
technology.
competition and self-interest
Adam Smith
low unemployment due to guaranteed jobs
providing additional goods and services.
There are not enough resources to make everything we want.
Jean-Baptiste Say argued that entrepreneurs should be called the fourth factor of production because they
How will goods be produced?
organize the other factors and make things happen.
technology.
competition and self-interest
Adam Smith
low unemployment due to guaranteed jobs
providing additional goods and services.
There are not enough resources to make everything we want.
Scarcity requires people to make choices. Why?
How will goods be produced?
organize the other factors and make things happen.
technology.
competition and self-interest
Adam Smith
low unemployment due to guaranteed jobs
providing additional goods and services.
There are not enough resources to make everything we want.
What “invisible hand” regulates the free market economy?
How will goods be produced?
organize the other factors and make things happen.
technology.
competition and self-interest
Adam Smith
low unemployment due to guaranteed jobs
providing additional goods and services.
There are not enough resources to make everything we want.
A nation’s automakers install new robotic machinery to build cars. As a result, cars take only a day to make, and the factories can produce many more cars than before. This is an example of growth caused by
How will goods be produced?
organize the other factors and make things happen.
technology.
competition and self-interest
Adam Smith
low unemployment due to guaranteed jobs
providing additional goods and services.
There are not enough resources to make everything we want.
Which of the following philosophers argued that a free market would regulate itself with little government involvement?
How will goods be produced?
organize the other factors and make things happen.
technology.
competition and self-interest
Adam Smith
low unemployment due to guaranteed jobs
providing additional goods and services.
There are not enough resources to make everything we want.
What is one advantage of a centrally planned economy?
How will goods be produced?
organize the other factors and make things happen.
technology.
competition and self-interest
Adam Smith
low unemployment due to guaranteed jobs
providing additional goods and services.
There are not enough resources to make everything we want.
Check it!
Match it!
Match it!