Foundations of Finance Chapter 5 Review

Foundations of Finance Chapter 5 Review

8th - 9th Grade

20 Qs

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Foundations of Finance Chapter 5 Review

Foundations of Finance Chapter 5 Review

Assessment

Quiz

8th - 9th Grade

Medium

CCSS
RI.7.7, RI.8.7, RI.9-10.7

+2

Standards-aligned

Created by

Michelle Glascott

Used 11+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An economic system based on the private ownership of businesses and the products made and sold

Market

Command

Traditional

Mixed

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An economic system in which the government owns, controls, and regulates all aspects of production, trade, and income generated by the most valuable resources

Market

Command

Traditional

Mixed

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An economic system that is based on social cultures and most often found in underdeveloped regions is called a _____________ economy.

Market

Command

Traditional

Mixed

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A market economy is driven by the economic principle of

The stock market

Supply and Demand

Centralized control

Regulation

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In which economic sector are raw materials harvested?

Secondary

Primary

Tertiary

Quaternary

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In which economic sector are raw materials turned into finished products?

Secondary

Primary

Tertiary

Quaternary

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which economic sector deals with knowledge and information?

Primary

Secondary

Tertiary

Quaternary

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