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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
economics
C
symbols
D
goods
2) A system where people make, consume, and exchange goods is called ______________________.
A
economics
B
service
C
consumption
D
production
3) When a person buys a product, they become a ____________________.
A
consumer
B
supplier
C
exporter
D
producer
4) Which person performs a service?
A
a fireman
B
a fireman and a doctor
C
farmer
D
a doctor
5) Which is an example of a good?
A
all of the answers given
B
candy
C
shoe
D
i-pad
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
command
C
traditional
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
traditional
B
market
C
command
D
mixed
8) What is the kind of economy where elder decide about the exchange of goods or services based on custom and tradition?
A
command
B
mixed
C
market
D
traditional
9) Goods sold to other countries are called _____________________________.
A
imports
B
mixed trade
C
tariff
D
exports
10) Goods purchased from other countries are called ____________________.
A
exports
B
tariff
C
imports
D
mixed trade
*select an answer for all questions
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