
Economics Review
Authored by Andrea Barrientez
Geography
9th - 12th Grade
Used 18+ times

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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt

Which region is the MOST developed?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
"My family owns a large tire factory. We have 1,200 employees, and we sell our tires to retailers around the globe. We are able to set our own prices based on the supply of our materials and the demand from our customers. Because of the rising fuel costs, we might have to lay off about 100 employees."
What type of Economic System does this business represent?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What level of economic activity does Country X have the most of?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economic system has the government owning all industries and setting all prices?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of the government in a Socialist Economic System?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a traditional economy, the way goods are produced and the jobs are learned from __________________.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main force that drives a free market economy?
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