Quizalize logo
placeholder image to represent content

Econ Chapter 2 Vocab

Quiz by Mr. Harrison

Feel free to use or edit a copy

includes Teacher and Student dashboards

Measure skills
from any curriculum

Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.

With a free account, teachers can
  • edit the questions
  • save a copy for later
  • start a class game
  • automatically assign follow-up activities based on students’ scores
  • assign as homework
  • share a link with colleagues
  • print as a bubble sheet

Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

New Quizalize solo game modes
19 questions
Show answers
  • Q1
    the method used by a society to produce and distribute goods and services
    economic system
    30s
  • Q2
    An economy in which production is based on customs and traditions and economic roles are typically passed down from one generation to the next.
    Traditional Economy
    30s
  • Q3
    An economic system in which a central authority (the government) makes all economic decisions.
    command economy
    30s
  • Q4
    economic system in which decisions on production and consumption of goods and services are based on a voluntary exchange between businesses and consumers
    market economy
    30s
  • Q5
    An economic system based on private ownership of capital
    Capitalism
    30s
  • Q6
    market-based economic system with limited government involvement
    mixed economy
    30s
  • Q7
    A system in which society, usually in the form of the government, owns and controls the means of production.
    Socialism
    30s
  • Q8
    a minimum price that an employer can pay a worker for an hour of labor
    minimum wage
    30s
  • Q9
    any government system that provides monetary assistance to people with an inadequate or no income.
    Social Security
    30s
  • Q10
    A general and progressive increase in prices
    Inflation
    30s
  • Q11
    income that does not increase even when prices go up
    fixed income
    30s
  • Q12
    Economic system in which individuals and businesses are allowed to compete for profit with a minimum of government interference
    free enterprise
    30s
  • Q13
    the act of buyers and sellers freely and willingly engaging in market transactions
    voluntary exchange
    30s
  • Q14
    fundamental feature of capitalism, which allows individuals to own and control their possessions as they wish; includes both tangible and intangible property
    private property rights
    30s
  • Q15
    The financial gain made in a transaction
    profit
    30s

Teachers give this quiz to your class