Capitalism and Market Economy

Capitalism and Market Economy

9th - 12th Grade

30 Qs

quiz-placeholder

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30 Qs

Capitalism and Market Economy

Capitalism and Market Economy

Assessment

Quiz

History

9th - 12th Grade

Medium

Created by

William Hawthorne

Used 220+ times

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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic system where individuals (producers and consumers) answer the three basic economic questions:

Market
Market
Market
Command
Traditional
Modern or Mixed

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic system where the government answers all three basic economic questions:

Market
Command
Traditional
Modern or Mixed

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic system where tradition, customs, and values answer the three basic economic questions:

Market
Command
Modern or Mixed
Traditional

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Modern economic system that is comprised of some of the characteristics of the Economic Systems used throughout the world:

Modern or Mixed
Command
Market
Traditional

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is something that encourages or motivates someone to produce a good or service:

Competition
Profit
Incentive
Investment

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This term is given to the difference between the total cost of production and the total revenues:

Competition
Profit
Incentive
Investment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The term given to the use of money to help a business get started or money used to improve the business, with the hope the business will earn a profit in which you can share

Competition
Profit
Incentive
Investment

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