SS9 - Chapter 6 Self Check
Quiz
•
Social Studies
•
9th Grade
•
Practice Problem
•
Medium
Aaron Camponi
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
On the far right of the economic continuum is ____________ economy where individuals or privately-owned corporations make decisions about the production and distribution of goods and services.
mixed
planned or command
market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_______________ economy is on the far left of the economic continuum. This is where government makes the decisions about the production and distribution of goods and services.
market
mixed
planned or command
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the supply of a product or service is not enough to meet demand, this is called ___________.
economics
monopoly
scarcity
equilibrium
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a ____________ economy, government-owned businesses (the public sector) provide some goods and/or services.
market
planned or command
mixed
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When there is more than one producer wanting to sell the same good or service to consumers, this is called ____________.
equilibrium
competition
monopoly
scarcity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When producers supply as much of a product as consumers want at a price that allows producers to make the most profit possible, this is called ________.
monopoly
competition
profit margin
equilibrium price
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a government was to reduce its spending by cutting funding for government-provided programs, this is an example of a shift ________.
Left
Upwards
Right
Backwards
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