Ch. 6 Economic Systems - Section 1 (slides 1-21)

Ch. 6 Economic Systems - Section 1 (slides 1-21)

10th Grade

8 Qs

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Ch. 6 Economic Systems - Section 1 (slides 1-21)

Ch. 6 Economic Systems - Section 1 (slides 1-21)

Assessment

Quiz

Life Skills

10th Grade

Easy

Created by

Towanda Alister

Used 8+ times

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The structure of methods and principles that a society uses to produce and distribute goods and services.

Economic Market

Economic System

Economic Indicator

Economic Security

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system that relies on habit, custom, or ritual to decide the three key economic questions.

Traditional Economy

Command Economy

Market Economy

Mixed Economy

3.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Identify 3 key economic questions.

What goods and services should be produced?

When will these goods and services be produced?

How should these goods and services be produced?

Who consumes these goods and services?

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True/False: Each society must decide what to produce in order to satisfy the needs and wants of its people.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True/False: Because resources are limited, each decision that a society makes about what to produce comes at an opportunity cost.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True/False: Some societies limit the economic freedoms of it's people.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True/False: Innovation plays a huge role in economic success.

True

False

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True/False: Societies with traditional economies are successful if they meet their own needs.

True

False