
Econ - Unit 1 & 2 Test
Authored by Cheyenne Johnson
Social Studies
12th Grade
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26 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which of the following is NOT one of the 3 basic questions economic systems must answer?
What products or services will we make or offer?
At what price will we sell the products or services?
How will we make products or provide the services?
From whom will we provide our products and services?
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The three major types of economies are all of the following except?
Socialism
Traditional
Command (Communism)
Market (Capitalism)
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The type of economy used in the United States is which of the following?
Command (Communism)
Traditional
Market
Mixed (Socialism and Capitalism)
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
In which of the following economic systems does the government own everything
Communism (Command)
Mixed
Traditional
Socialism
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
In which system do private individuals own the factors of production?
Command
Communism
Market (Capitalism)
Marxism
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which of the following statements is false?
In capitalism and socialism, a constitutional framework allows for people to elect officials to public office
In Communism, revolution for change is supported
In a Command economy, the government controls the entire economy
In capitalism, the ideas of Karl Marx are most closely followed
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The "father" of Communism is?
Vladimir Lenin
Karl Marx
Mao Tse-Tung
Charles DeGaulle
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