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Economies

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9th - 12th Grade

Used 11+ times

Economies
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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are goods?

good things

Things that services sell

services

Bruce

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a economy?

I don't know
Resouces
A careful management of available resources 
food and candy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Government ownership of the means of production; in command economies, governments will own some or all of the industries producing goods and services

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition of a consumer?

a person who is responsible on paying their employees 
a person who purchases goods and services for personal use
a person who often travels 

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is the definition of command economy?

economic system combining private and public enterprise.
an economy in which decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.
An economy in which production, investment, prices, and incomes are determined centrally by a government.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who controls a Command Economy?

People

Government

Both

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between market economy and command economy 

market economy - little goverment intervention
command economy - Central authority makes economic decisions
market economy - north korea
command economy - USA

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