Want to see correct answers?
Login or join for free!
  Social Studies Worksheets
Looking for Social Studies worksheets?
Check out our pre-made Social Studies worksheets!
Share/Like This Page
Filter By Grade

You are browsing Grade 8 questions. View questions in All Grades.

Grade 1 Grade 2 Grade 3 Grade 4 Grade 5 Grade 6 Grade 7 Grade 8 Grade 9 Grade 10 Grade 11 Grade 12 College Continuing Education

Browse Questions

Eighth Grade (Grade 8) Economics Questions

You can create printable tests and worksheets from these Grade 8 Economics questions! Select one or more questions using the checkboxes above each question. Then click the add selected questions to a test button before moving to another page.

Previous Page 4 of 4 Next
Grade 8 Economics
Which of these is a function of Money in an economy?
  1. A Privatisation Receipt
  2. A Factor of Production
  3. A Unit Of Account
  4. A Means of Barter
Grade 8 Economics
The key feature of a command economy is that central government and its constituent organisations take responsibility for a number of things. Which of these would not be included in that list:
  1. The allocation of resources
  2. The determination of production targets for all sectors of the economy
  3. The ownership of most productive resources and property
  4. Planning the long-term growth of the economy.
  5. Reallocating resources from one line of production to another.
Grade 8 Economics
There are three types of allocative mechanism. Which of these is not an allocative mechanism?
  1. Free Market Economy
  2. Mixed Economy
  3. Planned Economy
  4. Service Economy
Grade 8 Economics
Which of the following is an example of a positive statement?
  1. An increase in tourist numbers in the Maldives will create more employment.
  2. The nation's health should improve after this occurs.
  3. The government should do everything it can to avoid this scenario.
  4. If this trend continues, we believe the crime rate could reduce even further.
Grade 8 Economics
What is the most correct way to describe a reformed public sector?
  1. The private sector is smaller and the government has more receipts from privatisation.
  2. The private sector is larger and the government has less receipts from privatisation.
  3. The public sector is smaller and the government has more receipts from privatisation.
  4. The public sector is larger and the government has more receipts from privatisation.
Grade 8 Economics
He was the founder of the Austrian School of economics and known for the Diamond-Water Paradox.
  1. Karl Marx
  2. Carl Rowe
  3. Karl Menger
  4. none of the above
Grade 8 Economics
A positive analysis is devoid of any:
  1. Values
  2. Value Judgments
  3. Good Judgment
  4. Effort
Previous Page 4 of 4 Next