8th Grade Economics

What is a basic economic question that all economic systems answer?

In which economic system would the government own businesses, land, and resources?

Water and wind are examples of which type of resource?

In which economy would consumers have choice and business owners own private property?

Which type of economy would you find in a communist government?

Teacher is an example of which type of resource?

Scarcity means __________________.

Which is NOT a type of economic system?

If I choose Pringles over Takis, Takis would be the _____________________.

What is the main basic economic problem?

This sales advertisement may change your behavior. Therefore it is an example of an _________.

In which economy do people make decisions based on historical patterns?

__________consists of earnings after all expenses have been paid.

What is economics?

Who is a competitor of McDonald's?

Computer is which type of resource?

The United States is which economic system?