Civics Ch 13

Civics Ch 13

7th - 8th Grade

•

33 Qs

quiz-placeholder

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Civics Ch 13

Civics Ch 13

Assessment

Quiz

•

7th - 8th Grade

•

Medium

Created by

Ryan Crawford

Used 25+ times

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33 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The act of buying or using goods or services

Capital

Scarcity

Consumption

Invest

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system in which the government or a central Authority owns or controls the factors of production and makes the basic economic decisions

Mixed economy

Command economy

Market economy

Traditional economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economy that is a mixture of the characteristics of two or more of the three basic economic systems

Mixed economy

Market economy

Command economy

Traditional economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To use money to help a business get started or grow, with the hope that the business will earn a profit that you can share

Profit

Scarcity

Invest

Free enterprise

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The problem that resources are always limited in comparison with the number and variety of wants people have

Scarcity

Factors of production

Capitalism

Technology

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Another name for a market economy a system in which people make their own decisions about how to save resources as capital and how to use their capital to produce goods and services

Socialism

Communism

Fascism

Capitalism

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The difference between what it cost a business to produce something in the price the buyer pays for it

Capital

Profit

Technology

Invest

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