Economic Vocabulary Terms Question Preview (ID: 24660)
SS7E-1-1. Economics Terms.
TEACHERS: click here for quick copy question ID numbers.
Mixture of pure Command and pure Market
a) mixed
b) command
c) market
d) traditional
Produce what they need to survive (hunting, farming, or gathering)
a) market
b) command
c) traditional
d) mixed
Government control
a) market
b) command
c) mixed
d) traditional
People control based on supply and demand
a) market
b) command
c) mixed
d) traditional
Items that people need to perform their jobs
a) human capital
b) Capital goods
c) entrepreneurs
d) natural resources
People who perform labor
a) human capital
b) natural resources
c) entrepreneurs
d) capital goods
Gifts from nature
a) entrepreneurs
b) natural resources
c) human capital
d) capital goods
How much one currency is worth in terms of another
a) currency
b) Stock Market
c) exchange rate
d) literacy rate
The percentage of people who can read and write
a) exchange rate
b) standard of living
c) GDP
d) literacy rate
The value of all goods and services produced in a country in one year
a) capital gooods
b) GDP (Gross Domestic Product)
c) human capital
d) literacy rate
How well citizens live based on good public services, education, health, and good jobs
a) specialization
b) standard of living
c) literacy rate
d) opportunity cost
People with new ideas who are willing to take risks to start a business or make a product
a) human capital
b) stock broler
c) entrepreneurs
d) capital goods
Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 24660 in the upper right hand corner or click here.
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 24660 in the upper right hand corner or click here.
TEACHERS / EDUCATORS
Log In | Sign Up / Register
Log In | Sign Up / Register