Market Economies

Market Economies

10th - 12th Grade

24 Qs

quiz-placeholder

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Market Economies

Market Economies

Assessment

Quiz

Social Studies

10th - 12th Grade

Practice Problem

Medium

Created by

Barbara MacFarlane

Used 88+ times

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24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An individual's right to own a business, select a market to enter, and produce with limited government direction is called private enterprise

True
False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your right to private property means that you can own, use, and dispose of things of value.

True
False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The government owns the businesses and controls the economy in a 

market economy
command economy
laissez-faire economy
traditional economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Another term for capitalism is:

free enterprise
profit
private property
command economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Market economies are generally found in countries that have a _____for of government.

democratic
communist
socialist
patriarchal

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The desire to work hard, to be creative, and to satisfy customers in order to earn a profit is called

competition
supply and demand
capitalism
the profit motive

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a(n) __________ economy, businesses and individuals are free to make their own decisions as they buy and sell in the marketplace.

market economy
command economy
laissez-faire 
traditional economy

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