SS7E7 a,b,c Southern & Eastern Asia Economic Systems

SS7E7 a,b,c Southern & Eastern Asia Economic Systems

7th Grade

15 Qs

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SS7E7 a,b,c Southern & Eastern Asia Economic Systems

SS7E7 a,b,c Southern & Eastern Asia Economic Systems

Assessment

Quiz

Geography

7th Grade

Practice Problem

Medium

Created by

Teresa Wombles

Used 210+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do most countries fall somewhere between a market and a command economy?

Some government control has never been successful.

Government control always makes a market economy more profitable.

Most consumers prefer government control to free market.

Most countries have found they need a mix of free market and government control to be successful.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a command economy, economic decisions are made by the

consumers.

market.

government.

producers.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economy does North Korea have?

Market

Command

Market

Mixed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most democratic nations have _______ economies.

mixed

market.

traditional.

command.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Poor decisions made about how to organize farming in North Korea have resulted in many years of

drought

labor strikes

starvation

protests

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which has been a constant problem for India's economy?

a GDP that has not grown in many years

lack of a strong middle class

expense of maintaining a large military

overpopulation and poverty found throughout the country

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Every country must answer these basic questions when developing its own economic plan EXCEPT

what goods or services will be produced?

how will goods or service be produced?

will this make our country rich?

Who will consume the goods or service?

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