An example of an economic system is ...

putting the apples and oranges in separate bins

Economics includes all EXCEPT ...

organizing the apples and oranges into separate bins

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Economics Vocabulary

18 termsStudBud Administration232 plays

A #socialstudies #quiz to teach the basics of #economics vocabulary: the difference between economy, economics, and economic systems

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Questions 18

Answers

1
Economy, economics and economic systems all talk about ...
giving things away
buying and selling
ignoring your homework
free health care
2
Which of these is NOT part of the economy?
production
consumption
resources and processes
studies
3
Making a youtube video is
production
distribution
processes
consumption
4
An example of an economic system is ...
trucking hot tubs across the country to sell
finding wild blueberries and deciding to sell them
ignoring an advertisement on TV
putting the apples and oranges in separate bins
5
Eating a donut is ...
processes
resources
consumption
distribution
6
Which of these is NOT production
delivering pies
growing strawberries
herding sheep
coal mining
7
Economics is MOSTLY ...
selling the stuff
making the stuff
studying who wants the stuff
having the stuff
8
Which of these is NOT consumption?
food sample booth
pie commercial
new jeans advertisement
order for timbre
9
Economy is NOT ...
consuming goods
production of goods
distribution of goods
studying goods
10
What does economics have that economy does not?
studying
resources
goods
services
11
Economics involves all EXCEPT...
how to respond to needs of people
when to say no
what to create
what to eat
12
Economy is MOSTLY ...
things I make
things I want
things I am able to buy
all of the above
13
Counting how much you have sold is ...
Economic Systems
Economy
production
Economics
14
Economic systems are MOSTLY
production
organization
distribution
consumption
15
Which of these is NOT distribution?
grocery store
potato farm
lemonade stand
doctor clinic
16
economy: economics: economic systems
study it: do it: organize it
do it: study it: organize it
organize it: study it: do it
do it: organize it: study it
17
Economics includes all EXCEPT ...
inventory of stock in store
organizing the apples and oranges into separate bins
analyzing how to make crops grow better
checking labels to see what is about to expire
18
Buying a new coat is ...
Resources
Consumption
Distribution
Processes

Economics Vocabulary Flashcards | StudBud