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- 1. Multiple ChoiceEconomics isthe study of how individuals and societies seek to satisfy needs and wantsis government that controls or dictatesalso known as marketingthe central banking system of the United States
- 2. Multiple Choice
There are four basic economic systems
Hay cuatro sistemas económicos básicos
True
False
- 3. Multiple ChoiceEconomic system found in rural, non-developed countriesMarket EconomyCommand EconomyTraditional EconomyMixed Economy
- 4. Multiple ChoiceEconomics decisions are based on customs and centered around family in which economic system?Traditional EconomyCommand EconomyMarket EconomyMixed Economy
- 5. Multiple Choice
Supply and demand of goods and services determines the price in which economic system?
Traditional Economy
Market Economy
Command Economy
Mixed Economy
- 6. Multiple ChoiceGovernment controls or dictates what is produced in this economic systemTraditional EconomyFree EnterpriseCommand EconomyMixed Economy
- 7. Multiple ChoiceThe type of economic system the United States has.Mixed EconomyTraditional EconomyFree EnterpriseCommand Economy
- 8. Multiple ChoiceGovernment takes care of people's needs while the market takes care of their wants in this economic system.Free EnterpriseCommand EconomyTraditional EconomyMixed Economy
- 9. Multiple ChoicePrices tell businesses what to produceTrueFalse
- 10. Multiple ChoiceCompetition is sparked by supply and demandTrueFalse
- 11. Multiple ChoiceIndividuals can own businesses and resources in this type of economyCommandMarketMixedTraditional
- 12. Multiple ChoiceA cell phone is a needTrueFalse
- 13. Multiple ChoiceWater and shelter is a wantTrueFalse
- Answer choicesTagsAnswer choicesTags