DG Mid Economic Quiz ECON 1

DG Mid Economic Quiz ECON 1

9th - 12th Grade

21 Qs

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DG Mid Economic Quiz ECON 1

DG Mid Economic Quiz ECON 1

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Sarah Hosey

Used 8+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

If my government is selling me butter for $10 a box, and I have no choice but to buy it, I live in a _____ economy.

Traditional

Market

Command

Mixed

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

The government has little to no role in the production of goods in this type of economy. 

Traditional 
Mixed
Command 
Market

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is an economic system in which the government and people are used to decide how to use scarce resources?

Market economy
Command economy
Traditional economy
Mixed economy

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The four types of economic systems are: 

Traditional, Command, Mixed, & Market
Traditional, Command, Combined, & Market
Communism, Capitalism, Free Market, and Macroeconomics
Microeconomics, Macroeconomics, Individual, and Traditional.

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is an economic system in which economic decisions are made according to social roles & culture?

Market economy
Command economy
Traditional economy
Mixed economy

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

To measure the average price level of items that consumers actually buy, the Bureau of Labor and Statistics use the

Gross Domestic Product

Unemployment Rate

Consumer Price Index

National Production Rate

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Total dollar value of all final goods and services produced within a country in a given year.

depreciation

durable goods

GDP

price level

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