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Unit One- Economics
Test Description: Connecting Themes
Instructions: Answer all questions to get your test result.
1) Things that are made are called _____________________.
A
services
B
goods
C
symbols
D
economics
2) A system where people make, consume, and exchange goods is called ______________________.
A
consumption
B
service
C
production
D
economics
3) When a person buys a product, they become a ____________________.
A
supplier
B
producer
C
exporter
D
consumer
4) Which person performs a service?
A
a fireman
B
farmer
C
a fireman and a doctor
D
a doctor
5) Which is an example of a good?
A
i-pad
B
shoe
C
all of the answers given
D
candy
6) What is the economy in which consumers help determine what is to be produced, distributed, and consumed by buying or not buying certain goods and services?
A
mixed
B
traditional
C
command
D
market
7) What is the kind of economy in which the central government owns most of the industries that makes most of the economic decisions?
A
command
B
market
C
mixed
D
traditional
8) What is the kind of economy where elder decide about the exchange of goods or services based on custom and tradition?
A
mixed
B
market
C
command
D
traditional
9) Goods sold to other countries are called _____________________________.
A
exports
B
mixed trade
C
tariff
D
imports
10) Goods purchased from other countries are called ____________________.
A
exports
B
tariff
C
mixed trade
D
imports
*select an answer for all questions
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