Economics Unit 1 TEST

Economics Unit 1 TEST

Assessment

Flashcard

Social Studies

9th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

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35 questions

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1.

FLASHCARD QUESTION

Front

The type of government that has total control over the people and the police use power by force is called what?

Media Image

Back

Authoritarian

2.

FLASHCARD QUESTION

Front

In this type of economy, the people decide the supply, demand, and price.

Back

Market

3.

FLASHCARD QUESTION

Front

This type of economy is passed down through family traditions. They learn from their parents.

Media Image

Back

Traditional

4.

FLASHCARD QUESTION

Front

Which type of economy has central ownership, the government, and lack of individual choice?

Back

Command

5.

FLASHCARD QUESTION

Front

Which type of economy is usually paired with a Communist government? Options: Mixed, Market, Command, Traditional

Back

Command

6.

FLASHCARD QUESTION

Front

Who invented communism?

Back

Karl Marx

7.

FLASHCARD QUESTION

Front

Capitalism is in what type of economy?

Back

Market

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