Economics - Mixed Economies - Chapter 2

Economics - Mixed Economies - Chapter 2

9th - 12th Grade

27 Qs

quiz-placeholder

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Economics - Mixed Economies - Chapter 2

Economics - Mixed Economies - Chapter 2

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Medium

Created by

Darcy Meinke

Used 226+ times

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27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

traditional economy

system in which economic activity is the result of ritual, habit, or custom
conversion of state-owned property to individual ownership
economic system in which a central authority makes the major economic decisions
economic shift from private ownership to government ownership

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

command economy

conversion of state-owned property to individual ownership

system in which economic activity is the result of ritual, habit, or custom

economic system in which a central authority makes the major economic decisions

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

capitalism

economic system in which a central authority makes the major economic decisions

economic sector in which goods and services are sold illegally

conversion of state-owned property to individual ownership

economic system in which private citizens own and use resources to make a profit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

privatization

economic sector in which goods and services are sold illegally

economic shift from government ownership to private ownership

economic shift from private ownership to government ownership

conversion of state-owned property to individual ownership

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

nationalization

system in which economic activity is the result of ritual, habit, or custom
economic sector in which goods and services are sold illegally
economic shift from private ownership to government ownership
economic system in which a central authority makes the major economic decisions

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Government owns most resources

Command
Market
Traditional

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Main activities are often fishing, hunting, or farming

Command
Market
Traditonal

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