Review for 7th Grade EOG
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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Traditional | Economic activities are usually centered toward the family, tribe, or ethnic group
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Traditional | Resources are allocated based on inheritance
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Traditional | Farming, hunting, and gathering are done largely in the same fashion as the generation before
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Traditional | Choices are determined by environment
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Traditional | Little or no use of technology
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Command | The government or other central authority makes all economic decisions
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Command | Individuals have little, if any, influence over economic functions
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Command | Resources are owned by the government
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Command | There is no competition; the purpose of business is to provide goods and services, not to make a profit
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Command | Factories are concerned with quotas
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Command | Consumers have few, if any, choices in the market place
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Command | The government sets the prices of good and services
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Market | Economic decisions are made by individuals competing to earn profits based on supply and demand
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Market | Resources are owned by individuals
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Market | Profit is the motive for increasing work
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Market | Competition determines price and increases the quality of products
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Market | Individual freedom is considered very important; individuals have freedom to make economic decisions
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Market | Also called “capitalist” economy
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
tlblack
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