Economics Game Question Preview (ID: 20938)


Economic Forces. TEACHERS: click here for quick copy question ID numbers.

In what type of economy to citizens have the most economic freedoms?
a) mixed market
b) mixed command
c) traditional
d) market

A limit on imports that may enter a country.
a) tariff
b) quota
c) capital goods
d) embargo

A government ban on trade with a foreign country.
a) embargo
b) tariff
c) quota
d) inheritance

Taxes on goods that are imported from another country.
a) quota
b) embargo
c) barter
d) tariff

When a country invests in new factories, machinery, and technology, they are investing in what?
a) human capital
b) Gross Domestic Product (GDP)
c) physical capital
d) inheritance

The value of the goods and services produced in a country in a year.
a) Gross Domestic Product (GDP)
b) human capital
c) physical capital
d) capital goods

An investment in education, training, skills, and health of workers.
a) GDP
b) human capital
c) barter
d) physical capital

An economy that is a combination of a market and command economy.
a) market
b) command
c) mixed
d) traditional

An economy where business owners and customers make the economic decisions.
a) command
b) mixed
c) traditional
d) market

An economy planned and controlled by the government.
a) Traditional
b) Command
c) Market
d) Mixed

Economy based on customs and habits of the past.
a) Traditonal
b) Command
c) Market
d) Mixed

In what type of economy would citizens have the least economic freedom?
a) Mixed
b) Market
c) Command
d) Traditional

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