Wymer - Economic Terms And Types Of Economies - SOL 11 Question Preview (ID: 46993)


Terms And Economies. TEACHERS: click here for quick copy question ID numbers.

Economy that allows for a lot of competition.
a) traditional
b) command
c) all of these
d) free market

In the U.S. economy, what determines the prices of goods and services?
a) supply and demand
b) production
c) consumption
d) opportunity cost

Economy that has the government as the decision maker for the public sector.
a) command
b) free market
c) mixed
d) traditional

Economy that is about consumer sovereignty.
a) command
b) free market
c) traditiional
d) all of these

Economy that has people performing the same work as parents and grandparents.
a) free market
b) mixed
c) command
d) traditional

Economy that has central ownership of property/resources.
a) command
b) free market
c) mixed
d) traditional

Economy that has minimal government involvement.
a) command
b) free market
c) command
d) mixed

Economy based on customs and historical precedents.
a) command
b) mixed
c) free market
d) traditional

Economy that has individuals and businesses as the decision makers for the private sector.
a) command
b) traditional
c) mixed
d) all of these

Economic system that is driven by the profit motive.
a) free market
b) command
c) traditional
d) all of these

Economy that has a centrally-planned economy.
a) mixed
b) command
c) traditional
d) free market

Term that means the consumer has the power.
a) consumption
b) consumer choice
c) opportunity cost
d) consumer sovereignty

The most common economic system today.
a) free market
b) command
c) traditional
d) mixed

Economy that has private ownership of property and resources.
a) command
b) traditional
c) free market
d) all of these

Economy with lack of consumer choice.
a) command
b) mixed
c) free market
d) traditional

Economy that has a lot of individual choice.
a) command
b) free market
c) traditional
d) all of these

What is left after all expenses.
a) resources
b) supply
c) profit
d) incentives

When you decide between two things, the item not chosen becomes your what?
a) choice
b) supply
c) opportunity cost
d) resource

These is used to change your economic behavior.
a) price
b) scarcity
c) consumption
d) incentive

Using your resources to produce a product.
a) consumption
b) opportunity cost
c) production
d) incentives

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: 46993 in the upper right hand corner or click here.

TEACHERS / EDUCATORS
Log In | Sign Up / Register

Help / Support / FAQ




Gaming Links