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Econ Vocab word list Quiz Flashcards | StudBud
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Econ Vocab word list Quiz
Econ Vocab word list Quiz
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1
Command economies are ruled by who?
People
Government
Businesses
Individuals
2
What is it called when you simply do not have enough of something?
Scardicat
Lack of needs
Scarcity
Empty
3
Free Markets believe in making what?
items
Food
Machines
Profit
4
Based on the Cartoon the Economy is moving....?
Moderate
Slow
Fast
Not at all
5
Toys, Books, Picture Frames, are all example of different....??
Capital
Services
Manufacturing
Goods
6
What does a command economy lack that a free market does not?
Government
Command
Structure
Creativity
7
Which economy believes in the idea of inheriting the job from your parents?
Traditional
Socialist
Command
Free Market
8
Which government is similar but not a command economy
Command
Free Enterprise
Socialist
Traditional
9
Which economic system focus on Traditions, family, and customs?
traditional
Socialist
Command
Free Market
10
Which Market believes in the idea of free mind of creativity ?
Traditional
Command
Socialist
Free Market
11
Which form of economic system was created by Karl Marx?
Free Market
Command
Socialist
Traditional
12
The Act of producing, creating, manufacturing anything!
Merchant
Production
Procrastinating
Producing
13
What type of Resource relies on the natural resources?
Labor
Capital
Land
Entrepreneurship
14
Which two economies focus on protecting the workers?
Command, Free Market
Free Market, Socialist
Socialist, Command
Socialist, Traditional
15
What is one example of a Service that you buy?
Groceries
Car
Books
Hair Cut
16
Who killed Hershel in the walking dead?
Priest
Daryl
Governor
Rick
17
Which economic system determines a child's occupation from birth?
Socialist
Free Market
Traditional
Command
18
Economics deal with the question of ....?
Trade
Resources
Scarcity
Money
19
Who study's the Economy?
Business men
Entrepreneurs
Economists
Merchants
20
Tools, machinery, Computers, Transportation, Storage, Satellites are all examples of?
Entrepreneurship
Capital
Land
Labor
21
Which economy is a mix of command and free market?
Command
Free Market
Socialist
Traditional
22
Competitions are really found in what system?
Socialist
Free Market
Traditional
Command