Market Economies

Market Economies

12th Grade

10 Qs

quiz-placeholder

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Market Economies

Market Economies

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Gilbert Velasquez

Used 89+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Another term for capitalism is:

free enterprise
profit
private property
command economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

democratic
communist
socialist
patriarchal

3.

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

4.

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ means that economic resources are privately owned by individuals rather than by the government.

Socialism
Competition
Profit motive
Capitalism

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The rivalry among businesses to sell their products and services to customers is called 

Competition
Capitalism
Profit motive
Private enterprise

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Market economies are typically not good at producing

cars and trucks

clothing

technology goods

police protection

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