Economics
Quiz by Ashley Beasley
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14 questions
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- Q1A system by which goods and services are produced and distributedeconomy30s
- Q2the structure of methods and principles that a society uses to produce and distribute goods and serviceseconomic system30s
- Q3Making Stuff - the process of making or manufacturing goods and products from raw materials or componentsproduction of goods30s
- Q4Selling Stuff - the process of sending goods from one party to anotherdistribution of goods30s
- Q5Buying Stuff - the purchase of goods and services for use by householdsconsumption of goods30s
- Q6any activity that seeks to provide goods and services to others while operating at a profitbusiness30s
- Q7another term for trade - the buying and selling of goods and servicescommerce30s
- Q8materials found in the earth that people need and valueresources30s
- Q9another term for commerce - the exchange of goods and servicestrade30s
- Q10An economy in which production is based on customs and traditions and economic roles are typically passed down from one generation to the next.traditional economy30s
- Q11economic system in which decisions on production and consumption of goods and services are based on what the people want - there is NO government involvementmarket economy30s
- Q12An economic system in which the government controls all parts of a country's economy.command economy30s
- Q13A MIX between Command and Market, where people have economic power, but the government passes laws to protect workers and helps to stabilize the economy.mixed economy30s
- Q1430s