Economic Systems and the Circular Flow
Authored by Jeff Malcolm
Social Studies
9th - 12th Grade
Used 8+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A _____________ economy is completely determined and controlled by a central planning authority or the government
Traditional
Planned/Command
Mixed
Free Market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ______________ economy is guided primarily by custom, habit, and ritual.
Traditional
Planned/command
Mixed
Free Market
3.
MULTIPLE CHOICE QUESTION
30 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
4.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
_______________ would be an example of a modern mixed economy. (select all that apply!)
Germany
The United States
North Korea
Brazil
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The closest thing to a planned/command economy today exists in:
Soviet Union
Czechoslovakia
North Korea
South Korea
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This diagram is called a:
Production Possibilities Curve
Supply and Demand Curve
Circular Flow Model
Circular Motion Equation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does point A represent on the Circular flow diagram?
Households
Businesses
Factor Market
Product Market
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