Ch 58: Ohio Graduation Test: Economics

About This Chapter

Explore the comprehensive lessons in this chapter to refresh your knowledge of economics. You can take self-assessment quizzes and a chapter exam to test that knowledge as you study for the Ohio Graduation Tests.

Ohio Graduation Tests: Economics - Chapter Summary

This chapter can help you gain greater insight into a variety of topics you'll see on the Ohio Graduation Tests. Make sure you're ready to answer economics questions by watching lessons that prepare you for:

  • Defining and identifying types of economics
  • Sharing the meaning and listing types of economic systems
  • Explaining production in traditional, market, command and mixed economic systems
  • Discussing the circular flow of economic activity
  • Providing details about the economic functions of the government

You can watch the lessons in any order that suits your studying habits, and revisit them as often as needed until you feel you've absorbed the materials. To streamline the studying process, use timelines with video tags that allow you to identify and skip to key topics within the lessons.

Ohio Graduation Test: Economics Chapter Objectives

High school students are required to take the Ohio Graduation Tests to ensure they're prepared to succeed in work and college. It consists of five parts, all of which students must pass to receive their high school diplomas. The five parts are reading, math, writing, science and social studies. Topics in this chapter prepare students for the social students section, which consists of 32-multiple-choice questions, four short answers and two extended-response questions.

Simplify the process of studying for the test reviewing the lessons in this chapter in their video or transcript formats. You can gauge your comprehension of economics by taking the self-assessment quizzes and chapter exam. If you have any questions about a lesson topic, submit them to experts ready to offer assistance.

5 Lessons in Chapter 58: Ohio Graduation Test: Economics
Test your knowledge with a 30-question chapter practice test
What is Economics? - Definition & Types

1. What is Economics? - Definition & Types

Few things affect the day-to-day lives of everyone more than the economy. In this lesson, you'll learn about economics, including some of its foundational topics and concepts. You'll also have a chance to take a quiz after the lesson.

Economic Systems: Definition, Types & Examples

2. Economic Systems: Definition, Types & Examples

In this lesson, you'll learn about the three major forms of economic systems, including planned, market, and mixed market economies. You'll also explore the five factors of production and the roles they play in the exchange of products or services.

Production in Traditional, Market, Command & Mixed Economic Systems

3. Production in Traditional, Market, Command & Mixed Economic Systems

This lesson discusses how market, traditional, mixed, and command economic systems operate. The key features, benefits, and drawbacks of each are summarized. Learn how the economic systems answer the three basic economic questions that face all economies.

Circular Flow of Economic Activity: The Flow of Goods, Services & Resources

4. Circular Flow of Economic Activity: The Flow of Goods, Services & Resources

Learn about the simple model used to describe where money goes and what it is exchanged for in a market economy. The circular flow model of economic activity shows you the basic relationships between households, firms and the government.

What Are the Economic Functions of Government?

5. What Are the Economic Functions of Government?

Find out what the six economic functions of government are in the United States. See some examples in each of the categories and find out how you benefit from them.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the Ohio Graduation Test: Study Guide & Practice course