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Economics
Economics
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Questions
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Answers
1
Look at this cartoon. What economic principal is being shown?
Price
Demand
Scarcity
Supply
2
Suffix refers to time before Christ's birth?
B.C.
B.C.E.
A.D.
C.E.
3
Look at the picture & decide what type of country this would be?
Developing
Industrialized
4
Which of the following is
NOT
a basic economic need?
Shelter
Air
Clothing
Food/Water
5
Countries with a high GDP are more likely to
NOT
have which of the following.
High Literacy Rate
Low Birth Rate
High Infant Mortality
High Standard of Living
6
What is the
Economic System
in the United States?
Market
Traditional
Mixed
Command
7
These individuals probably live under what economic system?
Command
Mixed
Traditional
Market
8
According to Supply and Demand-As demand for a product increases, what happens to the price?
It Goes Up
It Stays the Same
How do I know?
It Goes Down
9
This economic indicator is based on how many people can read and write.
GDP
poverty
education
literacy
10
Which of the following countries is a "Developing Country?"
South Korea
Canada
United States
Sierra Leone
11
In which Economic System would you NOT see a tractor used?
Market
Command
Mixed
Traditional
12
This is the total value of goods and services.
Gross Dummy Production
Supply
Demand
Gross Domestic Product
13
What type of jelly did Ginger want included in "
this year's GHP
?"
Pineapple
Apple
Grape
Cocunut
14
Which economic system would NOT have a health inspector?
Traditional
Mixed
Market
Command
15
What type of Economic System do you find in Communist countires?
Command
Traditional
market
Mixed
16
What economic system might use this as their official slogan?
Market
Mixed
Command
Traditional
17
This suffix refers to the time after the birth of Christ.
C.E.
A.C.
A.D.
B.C.
18
This leader lives under what Economic System?
Mixed
Market
Command
Traditional
19
Look at the picture & select the appropriate
type
of country?
Industrilaized
Developing
