
Econ Unit 1B
Quiz
•
Other
•
9th - 12th Grade
•
Easy

Michelle Ashley
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32 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economy in which the individuals own the factors of production and decide for themselves the answers to the basic economic questions is what kind of economy?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The economy of the Bushmen of the Kalahari Desert the people follow the examples of their ancestors. This is what kind of economy?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Country of Korea, who has a dictator that makes most of the economic decisions is what kind of economy?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Federal Government of the United States has a progressive tax system which takes more taxes from individuals as their income rises. This money is used to support many individuals with food, housing and medical services. This function of government in a market economy is called:
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bowdon Clothing Manufacturing decided several years ago to give up making suits for the public to take a contract with the Federal Government to produce Military Uniforms. Which eceonomic question did they answer.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the sum of skills, abilities, and motivation of people
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economy that has components of traditional, command and market economies:
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