SOL review CE11 Economics
Authored by Karen Haluska
History
KG - University
Used 218+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
29 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
which is not a characteristic of a traditional economic system?
economic decisions are based on custom
economic decisions are based upon custom
people perform work based upon their education and abilities
people perform work regardless of their abilities
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_______ requires that choices be made.
incentives
scarcity
choice
resources
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
factors of production that are used to make goods and services
scarcity
resources
incentives
production
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the interaction of ________ determine price
supply and demand
production and consumption
scarcity and resources
choice and opportunity cost
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Most economies today, including the US are this economy
traditional
mixed
free market
command
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the government role is greater than in a free market economy and less than in a command economy
free market
mixed
traditional
command
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the amount of money exchanged for a good or a service
production
consumption
price
choice
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
