Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
Give this quiz to my class
Q 1/30
Score 0
the method a country uses to answer the three economic questions
30
economic system
Q 2/30
Score 0
An economy in which production is based on customs and traditions and economic roles are typically passed down from one generation to the next.
30
Traditional Economy
30 questions
Q.
the method a country uses to answer the three economic questions
1
30 sec
Q.
An economy in which production is based on customs and traditions and economic roles are typically passed down from one generation to the next.
2
30 sec
Q.
Economic decisions are made by individuals or the open market.
3
30 sec
Q.
An economic system in which the government controls a country's economy.
4
30 sec
Q.
An economy in which private enterprise exists in combination with a considerable amount of government regulation and promotion.
5
30 sec
Q.
a 0-100 scale which ranks world economies from most command-leaning (0) to most market-leaning (100)
6
30 sec
Q.
Gross Domestic Product- the total market value of all final goods and services produced annually in an economy
7
30 sec
Q.
Quality of life based on ownership of necessities and luxuries that make life easier.
8
30 sec
Q.
Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain
9
30 sec
Q.
the skills and knowledge gained by a worker through education and experience
10
30 sec
Q.
Buildings, machines, technology, and tools needed to produce goods and services.
11
30 sec
Q.
A person who organizes, manages, and takes on the risks of a business.
12
30 sec
Q.
the ability to read and write
13
30 sec
Q.
The percentage of a countries people who can read and write
14
30 sec
Q.
the concentration of the productive efforts of individuals and countries on a limited number of economic activities
15
30 sec
Q.
increasing the number of goods and services produced by a country
16
30 sec
Q.
A tax on imported goods
17
30 sec
Q.
A limit placed on the quantities of a product that can be imported
18
30 sec
Q.
an official ban on trade or other commercial activity with a particular country
19
30 sec
Q.
Organization of Petroleum Exporting Countries - An organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum.
20
30 sec
Q.
a formal organization of producers that agree to coordinate prices and production
21
30 sec
Q.
money
22
30 sec
Q.
currency of Israel
23
30 sec
Q.
currency of Saudi Arabia
24
30 sec
Q.
Currency of Turkey
25
30 sec
Q.
foreign currencies used by countries to conduct international trade
26
30 sec
Q.
Currency of Afghanistan
27
30 sec
Q.
A situation in which unlimited wants exceed the limited resources available to fulfill those wants
