1) Expecting to have the same job as your parents and grand parents. a) Market b) Traditional c) Command d) Mixed 2) The government has little or no control over business decisions. a) Market b) Traditional c) Command d) Mixed 3) The government had complete control over workers and businesses. a) Market b) Traditional c) Command d) Mixed 4) There are privately owned businesses, areas of government control, and some people who work traditional jobs. a) Market b) Traditional c) Mixed d) Command 5) Not having enough of a resource a) Scarcity b) Opportunity Cost c) Cost Benefit analysis d) Free Enterprise e) Basic economic questions f) Supply and demand 6) Deciding what to make, how to make it, and who gets it. a) Scarcity b) Opportunity Cost c) Cost Benefit analysis d) Free Enterprise e) Basic economic questions f) Supply and demand 7) Calvert County commissioners have to decide whether to fund more speed cameras near schools or hire more sheriff's deputies. What kind of decision making is this? a) Scarcity b) Opportunity Cost c) Cost Benefit analysis d) Free Enterprise e) Basic economic questions f) Supply and demand 8) Prices of a good are determined by how much of it you have and how many people want it. a) Scarcity b) Opportunity Cost c) Cost Benefit analysis d) Free Enterprise e) Basic economic questions f) Supply and demand 9) In a market economy, this term is used to describe businesses that the government doesn't have much control over. a) Scarcity b) Opportunity Cost c) Cost Benefit analysis d) Free Enterprise e) Basic economic questions f) Supply and demand 10) A builder decides to create a new development. What economic question has the builder answered? a) what to produce b) how to produce it c) for whom to produce it 11) A builder decides to build the new development in phases to ensure the first set of homes sells before building the next set. What economic question has the builder answered? a) what to produce b) how to produce it c) for whom to produce it 12) A builder decides to price new homes starting at $900,00. What economic question has the builder answered? a) what to produce b) how to produce it c) for whom to produce it 13) Why do gas prices tend to go up in the summer? a) opportunity cost b) cost-benefit analysis c) free market d) supply and demand

Basic economic maze chase

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