ECON. Ch. 2 Test

ECON. Ch. 2 Test

12th Grade

20 Qs

quiz-placeholder

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ECON. Ch. 2 Test

ECON. Ch. 2 Test

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Hard

Created by

Danika Tharpe

Used 49+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Elements of traditional, command, and market economies are combined in a:

Pure Market Economy

Mixed Economy

Socialist Economy

Centrally-Planned Economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Freedom of economic choice is one of the chief advantages of a:

Traditional Economy

Market Economy

Command Economy

Communist Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Karl Marx, all of history is a struggle between:

Consumers

Producers

Classes

Businesses

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Producers and consumers drive the economy of a:

Market Economic System

Mixed Economic System

Traditional Economic System

Command Economic System

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Government officials deciding the distribution of all resources is a feature of a:

Mixed Economy

Traditional Economy

Market Economy

Command Economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The situation where women tend crops and raise children while men hunt is often found in a:

Traditional Economy

Market Economy

Mixed Economy

Command Economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the products market,

Firms buy goods and services from households

Firms sell goods and services to households

Firms buy resources from households

Firms sell resources to households

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