
CH. 2 test review
Authored by Colton Hanson
Social Studies
12th Grade
Used 47+ times

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24 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If Mel buys a new car and nobody tells him
what he has to buy, he is engaging in
Command economy
Profit motive
competition
Voluntary exchange
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Habit and custom dictate most social behavior in a
Market economy
traditional economy
command economy
free enterprise economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The United states has an ______________________
Market economy
traditional economy
command economy
communist
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following allows private citizens to own the factors of production?
Market economy
traditional economy
command economy
communist
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
U. S. citizens carrying on their economic affairs
freely, but subject to some government
intervention and regulations, refers to which of
the following?
Free enterprise
traditional economy
command economy
communist
6.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
In a command economy, which of the following is a disadvantage (weakness)? CLICK ALL THAT APPLY
Not designed to meet wants of consumers
Lots of incentives to work harder
Requires large decision making bureaucracy
No individual freedom
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is an organized way of providing for the
wants and needs of a society.
Voluntary exchange
economy
traditional economy
market economy
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