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Teams
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Score
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15
×
Your credit score will be considered bad if you pay your bills on time.
False
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15
×
Which economic system is based on cultural customs?
Traditional Economic System
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15
×
What is another name for factors of production?
resources
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15
×
In a command economy, the means of production are owned by
the government
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15
×
What does debit mean?
withdraw
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seesaw
Swap points!
Oops!
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seesaw
Swap points!
Okay!
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fairy
Take points!
5
10
15
20
25
×
banana
Go to last place!
Oops!
15
×
Which banking account allows you to make unlimited withdrawals?
checking account
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15
×
The difference between wants and needs and the resources available to meet these needs is called
scarcity
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15
×
What are the four major resources?
capital, land, labor, entrepreneurship
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trap
No points!
Oops!
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magnet
Take 10 points!
Okay!
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gift
Win 25 points!
Okay!
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banana
Go to last place!
Oops!
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thief
Give points!
5
10
15
20
25
×
fairy
Take points!
5
10
15
20
25
×
gift
Win 5 points!
Okay!
×
thief
Give points!
5
10
15
20
25
15
×
This is needed FIRST to start and operate a business
capital
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15
×
Economics grow and shrink over time. This pattern is called
business cycle
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15
×
Which bank account has limited withdrawals?
savings account
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15
×
Producers don't compete because everyone works to meet the community's survival needs.
traditional economy
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15
×
Which economic system does the government become more powerful?
command
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