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American Economics

American Economics

Assessment

Presentation

Social Studies

8th - 11th Grade

Medium

Created by

Michael McCarthy

Used 27+ times

FREE Resource

14 Slides • 15 Questions

1

American Economy

Please flip through these slides, reading through the information that appears. Then, you answer the questions based on the information you have seen.

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6

Multiple Choice

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Use the image to your left to help you answer this question:

If the supply is high, and the demand is low, what will the price of an item be?

1

High Price

2

Low Price

3

Fair Price

7

Multiple Choice

Question image

Use the image to your left to help you answer this question:

If the supply is high, and the demand is high, what will the price of an item be?

1

High Price

2

Low Price

3

Fair Price

8

Multiple Choice

Question image

Use the image to your left to help you answer this question:

If the supply is low, and the demand is low, what will the price of an item be?

1

High Price

2

Low Price

3

Fair Price

9

Multiple Choice

Question image

Use the image to your left to help you answer this question:

If the supply is low, and the demand is high, what will the price of an item be?

1

High Price

2

Low Price

3

Fair Price

10

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11

Multiple Choice

Wood cut down from the forest is considered a...

1

Natural Resource

2

Human Resource

3

Capital Resource

12

Multiple Choice

The Amazon warehouse and shipping center is considered a...

1

Natural Resource

2

Human Resource

3

Capital Resource

13

Multiple Choice

The rise of Immigrants coming into the United States is considered a...

1

Natural Resource

2

Human Resource

3

Capital Resource

14

Multiple Choice

The Cotton Gin, invented by Eli Whitney, is an example of a

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Natural Resource

2

Human Resource

3

Capital Resource

15

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23

Multiple Choice

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Use the image to your left to help you answer the following question:

A "command market" is better known as...

1

Capitalism

2

Socialism

3

Communism

24

Multiple Choice

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Use the image to your left to help you answer the following question:

A market that practices "laissez-faire" is...

1

Capitalism

2

Socialism

3

Communism

25

Multiple Choice

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Use the image to your left to help you answer the following question:

A market that follows the law of supply and demand fully is...

1

Capitalism

2

Socialism

3

Communism

26

Multiple Choice

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Use the image to your left to help you answer the following question:

A government that has SOME limitations on consumer choice is...

1

Capitalism

2

Socialism

3

Communism

27

Multiple Choice

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Use the image to your left to help you answer the following question:

A government that has COMPLETE control over consumer choice is...

1

Capitalism

2

Socialism

3

Communism

28

Multiple Choice

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Use the image to your left to help you answer the following question:

A free or open market is an example of...

1

Capitalism

2

Socialism

3

Communism

29

Multiple Choice

According to our slides, the United States is considered a...

1

Fully Capitalist economy

2

Fully Socialist economy

3

Fully Communist economy

4

A mixed economy, with many different elements to it

American Economy

Please flip through these slides, reading through the information that appears. Then, you answer the questions based on the information you have seen.

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