Economics Chapter 2 Study Guide
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6th Grade - University
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system in which basic economic decisions are made by a central authority
mixed economy
command economy
traditional economy
market economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system in which basic economic activity stems from ritual, habit, or custom
mixed economy
command economy
traditional economy
market economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system in which free economic activity is subject to some government intervention
mixed economy
command economy
traditional economy
market economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An organized way of providing for the wants and needs of a society
capatilism
economic system
fixed income
market economy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system in which basic economic decisions are made by people and firms acting in their own best interests
market economy
mixed economy
capitalism
economic efficiency
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic goal based on the desire of people to make their own decisions
voluntary exchange
economic freedom
economic efficiency
profit motive
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic goal based on preventing inflation
capitalism
price stability
economic efficiency
profit motive
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