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Economics
Test Review
What It Covers
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Basic Economic Concepts
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Economic Systems and Decision Making
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Business Organizations
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Supply and Demand, Pricing, and Elasticity
Format
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80 Multiple Choice Questions and Two Short Answer Questions
OR
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50 Multiple Choice Questions and Five Short
Answer Questions
Areas of
Focus
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Circular Flow of Economic Activity
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Production Possibilities Frontier
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Strengths and Weakness of Market,
Command, and Traditional Economies
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Characteristics, Strengths, and Weaknesses of the Three Types of
Business Organizations
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Mergers
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Supply and Demand
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Elasticity of Demand
Hints and Other Information
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Studying the Worksheets and Quizzes will help with the Multiple
Choice Questions, there will be some repetition of questions, but you should
also study the Key Terms in general. Key Terms are listed in the textbook.
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Studying the Worksheets and Quizzes will help with the Short
Answer Questions as well, there will be some repetition of questions, but
you should also study the Areas of Focus
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Be sure to study what I said about the PowerPoints as well as the
presentations themselves.
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You will have some choice on the Short Answer Questions and the
Multiple Choice Questions.
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