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- 1. Multiple Choice
an economic system where individuals and companies are free to make a profit selling goods and services with a limited government
Communism
Socialism
Free Enterprise
Mickymouseism
- 2. Multiple Choice
an economic system in which many businesses are owned and run by the government
Socialism
Traditional
Communism
Free Enterprise
- 3. Multiple Choice
The average yearly income of citizens in a country
Communism
Per Capita Income
Taxes
Economics
- 4. Multiple Choice
An economics system in which all businesses are owned and run by the government
Socialism
Traditional
Free Enterprise
Communism
- 5. Multiple Choice
countries that have a high per capita income and quality of life is generally good
Less Developed Countries
More Developed Countries
Supply
Demand
- 6. Multiple Choice
a shortage or lack of supply
demand
scarcity
consume
supply
- 7. Multiple Choice
What is Economics?
a system of destroying, storing, and consuming goods and services
a system of not producing needed goods and services
a system of producing, distributing, and consuming goods and services
a system of growing plants and trees to better the environment
- 8. Multiple Choice
In less developed countries, they have a
low per capita income and a quality of life is generally good
low per capita income and a quality of life is generally poor
high per capita income and a quality of life is generally good
high per capita income and a quality of life is generally poor
- 9. Multiple Choice
Countries that depend on one another for a product or services is ________________________________.
Per Capita Income
Human Resources
communism
Global Economic Interdependence
- 10. Multiple Choice
to buy a product or service
demand
produce
consume
supply
- 11. Multiple Choice
selling and shipping a product is: ____________________
Produce
Distribute
Demand
Supply
- 12. Multiple Choice
Necessary items, such as food, clothing or equipment is known as ______________________.
Consume
Produce
Demand
Supply
- 13. Multiple Choice
the desire for a product or service
Demand
Supply
Consume
Produce
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