stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
SSEF1-3 Economics Quick Quiz Flashcards | StudBud
Explore
/
SSEF1-3 Economics Quick Quiz
SSEF1-3 Economics Quick Quiz
10 terms
·
StudBud Administration
·
271 plays
Georgia economics standards quick quiz
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
All of the following are factors of production except?
entrepreneur
service
capital
labor
2
Factors of production are the same as?
productive resources
scarcity
efficiency
possibility curve
3
Economic activity that is the result of ritual, habit, or custom.
stagnate economy
market economy
mixed economy
traditional economy
4
Central government makes most major economic decisions ?
domestic economy
market economy
mixed economy
command economy
5
All are examples of a voluntary exchange except?
a child forced to donate their favorite toy
a shopper buying a good
a shopper buying a service
friends swapping lunches
6
The economy that is a combination of traditional, market, and command?
market economy
stagnate economy
traditional economy
mixed economy
7
the additional satisfaction received from consuming an additional unit of a good or service
scarcity
rationing
marginal benefit
inflation
8
Assignment of task to the workers, that can perform them most efficiently. Best person
scarcity
opportunity cost
specialization
trade off
9
Economy where supply demand and price help people make choices on how to allocate resources?
market economy
communism
command economy
mixed economy
10
limited resources against peoples virtually unlimited wants
possibility curve
scarcity
rationing
efficiency
