Unit 1 Quiz

Unit 1 Quiz

12th Grade

20 Qs

quiz-placeholder

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Unit 1 Quiz

Unit 1 Quiz

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

David Kubicsek

Used 8+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Canada has a universal healthcare system, providing government-funded medical services to all citizens. However, the vibrant private sector helps to push an economy that is one of the world's most successful. Intense and frequent trade with the United States provides the country with great wealth.


These facts provide evidence that Canada has a

mixed economy

market economy

traditional economy

command economy

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Juan realizes that if he studies an extra hour for his test, he will score five points higher. For each extra hour spent studying, he is getting one hour less sleep. When deciding whether to spend an additional hour studying or sleeping, Juan is engaged in what economic activity?

bartering

marginal analysis

market transactions

trade negotiations

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Competition and free enterprise are most common in which type of economic system?

market

command

planned

traditional

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A headline reads: "High Tech Firms Begin Producing New Generation of Computers." What basic economic question is being addressed in this headline?

how to produce

what to produce

when to produce

for whom to produce

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of these is a correct description for one of the ways in which a command economy differs from a market economy?

Market economies discourage free enterprise.

In a market economy, the government sets prices.

Command economies tend to have a higher per capita GDP

In a command economy, individuals have less economic freedom.

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which is a fundamental questions every society must answer?

What goods and services are to be produced?

How are the goods and services to be produced?

Who will get the goods and services that are produced?

All of the above

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Competition and free enterprise are most common in which type of economic system?

traditional

market

communist

planned

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