

Whether your child struggles or excels at school, we have the answer for you. StudyChamp not only explains complex concepts to children in a simple way, but our assessments are designed to encourage critical and analytical thinking.
This test includes: Economic problem of scarcity, three basic economic questions, solving the economic problem, four factors of production, different economic systems, e.g. planned economy, market economy, mixed economy, global economy, and circular flow.
(10 pages with questions, detailed memo with explanations in blue at the end)