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Economic Systems Quiz #1

Authored by Nicholas Covington

Social Studies

10th - 12th Grade

Used 32+ times

Economic Systems Quiz #1
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11 questions

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1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

SELECT ALL THAT APPLY: Which of these is an example of a scarce resource?

Time

Money

Water

Paper

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Moana's village would be an example of a ___________ economy.

Traditional

Planned/command

Mixed

Free-market

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A ______________ economy is guided primarily by custom, habit, and ritual.

Traditional

Planned/command

Mixed

Free Market

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A _____________ economy is completely determined and controlled by a central planning authority or the government

Traditional

Planned/Command

Mixed

Free Market

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A _____________ economy is driven entirely by voluntary exchange in markets

Traditional

Planned/Command

Mixed

Free Market

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

SELECT ALL THAT APPLY: The three factors of production are:

Land

Labor

Capital

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A _________ economy is a market-based system in which the government is involved to some extent.

Traditional

Planned/command

Mixed

Free Market

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