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Econ Principles
Use your principles reading to match up the principle with the example.
| Question | Answer |
|---|---|
| There are different types of economic systems. | Principle #5 |
| If you have a democratic govt. you will most likely have a market or mixed market economy. | Principle #6 |
| They ran out of my favorite kale, carrot, and pineapple smoothie....so now I have to decide between the peanut butter cocoa and the vanilla chai. | Principle #2 |
| What happens in the economy influences the government. | Principle #5 |
| People specialize on one skill/good so they are the best at it. Then they provide it to other companies/countries who need it for their own products. That is an example of interdependence. | Principle #3 |
| That shirt is SO ugly...nobody would EVER wear it!! They should pay me to buy it!! | Principle #4 |
| Your money is kind of scarce!! But you are starving....should you spend your $4.00 on a bag of chips and a drink or split a Subway sandwich with your friend? | Principle #2 |
| In a market economy, buyers and sells make all the economic decisions, but in a command economy the govt. has that power. | Principle #5 |
| Only a few people wanted the sports magazines, so the winning bid at the auction was pretty low....but too many people wanted the gum, so its price was super high! | Principle #4 |
Created by:
sarada
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