SOL review CE11 Economics

SOL review CE11 Economics

KG - University

29 Qs

quiz-placeholder

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SOL review CE11 Economics

SOL review CE11 Economics

Assessment

Quiz

History

KG - University

Medium

Created by

Karen Haluska

Used 215+ times

FREE Resource

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

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