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Global Economy

Authored by Michael Loret

History

7th Grade

Used 10+ times

Global Economy
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9 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are types of resources used in production EXCEPT:

Natural

Sovereign

Capital

Human

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What determines price in the United States

Government

The President

Cost

Supply and demand

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economy do we have in the United States?

Free market

Command

Traditional

Mixed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are aspects of the US economy EXCEPT

Competition

Government control of production

Profit motive

Private ownership of property

Consumer sovereignty

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are financial institutions EXCEPT

Credit union

Big box stores

Banks

Savings and loans

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the principal reason that the US and Virginia engage in global trade?

To make money

To make peace

To help other nations

To follow the president's mandates

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for worldwide markets in which the buying and selling of goods and services by all nations takes place?

National economy

Fixed economy

Global economy

World economy

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