Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Economics Vocabulary And Types Of Economies
Test Description: For review
Instructions: Answer all questions to get your test result.
1) The amount of a product available for conumers to buy.
A
Demand
B
Consumers
C
Services
D
Supply
2) Actions that people do for others.
A
Needs
B
Services
C
Economics
D
Demand
3) Things people make, grow or use that can be purchased to satisfy needs and wants.
A
Goods
B
Services
C
Product
D
Producer
4) Bringing in goods from another country
A
Import
B
Export
C
Price
D
Supply
5) Selling goods to another country
A
Import
B
Services
C
Price
D
Export
6) When we choose to satisfy one of our wants we must give up another want.
A
Opportunity Cost
B
Scarcity
C
Wants
D
Consumer Soverignty
7) Not being able to meet all wants at the same time
A
Scarcity
B
Service
C
Decision
D
Price
8) The science that studies making, giving out and using goods and servics.
A
Civics
B
Art
C
Economics
D
Algebra
9) People working to produce goods and services.
A
Human Resources
B
Consumer
C
Capital Resources
D
Opportunity Cost
10) Goods made by people and used to produce other goods and services.
A
Capital resources
B
Consumer Soverginty
C
Choice
D
Import
11) Which is NOT a basic question of economics?
A
Who will produce it?
B
What will be produced?
C
For whom will it be produced?
D
Why will it be produced?
12) Which is not a characteristic of free market economy?
A
Competition
B
Centrally planned
C
Individual choice
D
Profit motive
13) Which is not a characteristic of a command economy?
A
Centrally-planned economy
B
Lack of consumer choice
C
Consumer Soverignty
D
Central Ownership
14) Which one does not describe the US economy?
A
Private Property
B
Competition
C
Consumer Soverignty
D
Centrally-planned
15) What type of economy does the US have?
A
Mixed
B
Command
C
Free Market
D
Traditional
16) What economy blends aspects of Command and Free Market?
A
Traditional
B
Mixed
17) What economy does NOT encourage competition?
A
Free Market
B
Mixed
C
Command
18) What economy focuses on family?
A
Mixed
B
Free Market
C
Traditional
D
Command
19) What economy does not have private ownership of resources?
A
Mixed
B
Command
C
Traditional
D
Free Market
20) The ability for the buyers of a product to have control
A
Supply
B
Consumer Soverignty
C
Resource
D
Competition
*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?