Monday, March 25th Lesson
Presentation
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Other
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9th - 12th Grade
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Practice Problem
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Easy
JESSICA COLLINS
Used 3+ times
FREE Resource
28 Slides • 18 Questions
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Monday, March 25
Economics Review
No notes! Do your best as you review the material we have learned in our Economics unit!
You are receiving credit for going through the lesson in its entirety and answering questions along the way :)
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LET'S BEGIN!!
Please be kind & respectful
to your substitute today.
I will see you tomorrow!
~Mrs. Collins
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Multiple Choice
Economics is a ___ science that focuses on people and ___.
FINANCIAL SCIENCE
MONEY
SOCIAL SCIENCE
CHOICES
SOCIETY SCIENCE
SUPPLY & DEMAND
GLOBAL SCIENCE
WANTS
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Open Ended
Why do we have to make choices?
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Multiple Choice
The Economic Problem is
We have unlimited wants and limited resources.
We have unlimited resources and limited wants
We have unlimited demand and limited supply.
We have unlimited wants and limited choices.
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Open Ended
What have you learned in this unit that you didn't expect to when we first started?
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Multiple Choice
Adam Smith is considered thee "father" of Economics. What type of Economics system did he believe in?
Command Economy
Market Economy
Traditional Economy
Mixed Economy
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Open Ended
Do you think the Government should be involved in a country's economic system?
Explain why or why not.
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Multiple Choice
Which is NOT an Economic Resource?
Natural resources
Human resources
Capital
Supply & Demand
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Fill in the Blanks
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Multiple Choice
Which is NOT one of the 3 questions:
What product & services should an economy provide?
How should product & services be produced?
Who should the product & services be produced for?
How much of a product or service should an economy provide?
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Multiple Choice
Which Economic system is NORTH KOREA?
Mixed Economy
Command Economy
Market Economy
Traditional Economy
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Multiple Choice
What Economic System is the U.S.
Market Economy
Mixed Economy
Traditional Economy
Command Economy
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Multiple Choice
Right now in the world, most countries are a MARKET economy.
TRUE
FALSE
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Open Ended
What could be an example of an External Shift?
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Multiple Choice
When graphing supply & demand, the demand curve slopes
Downward
Upward
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Multiple Choice
Demand is seen through the eyes of the
Consumer
Producer
Economy
Marketplace
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Multiple Choice
The Supply curve slopes UPWARD becasue
The higher the price the less consumers demand
The higher the price the more motivation producers have to make more
The more quantity supplied means price will be lower
The less quantity supplied the more consumers will pay
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Multiple Choice
Not having enough of something to fulfill the demand would be
SURPLUS
SCARCITY
SUPPLY
DEMAND
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Open Ended
From everything that was on the review today,
what is 1 area or concept that you think you need to review more?
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You have finished the lesson!!
Please find something to work on and thank you for being respectful & kind to your substitute today. I will see you tomorrow!
~Mrs. Collins
Monday, March 25
Economics Review
No notes! Do your best as you review the material we have learned in our Economics unit!
You are receiving credit for going through the lesson in its entirety and answering questions along the way :)
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