Economy Checkpoint Review
Quiz by Alecia Dockery
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21 questions
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- Q1a system used to manage all monies, goods and resources in a countryEconomy30s
- Q2the total value of goods and services in a countryGross Domestic Product30s
- Q3the total GDP divided equally among each personGross Domestic Product Per Capita (GDP per capita)30s
- Q4something brought into a countryImport30s
- Q5goods sold to another countryExport30s
- Q6very little; less than you needScarcity30s
- Q7single control of all goods, resources and tradesMonopoly30s
- Q8when a good, store or idea goes worldwide and makes the economy strongerGlobal Economic Development30s
- Q9The amount of goods availableSupply30s
- Q10the desire to own something and the ability to pay for itDemand30s
- Q11valuable productCommodity30s
- Q12An economy that allows private businesses and citizens to have most say; if you'll buy it, they'll sell itMarket Economy30s
- Q13An 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
- Q14An economic system in which the government controls a country's economy.Command Economy30s
- Q15taking from the earth or seaPrimary Industry30s