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Economics

Authored by Mr. Butts

Other

6th - 8th Grade

Economics
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30 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Economic system where government controls everything.

Market
Command
Mixed
Free Enterprise

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Economic System where there is limited technology and ideas are passed down from generation to generation

Command
Traditional
Mixed
Market

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Type of Economy that is half command and half market

Traditional
Command
Market 
Mixed

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Type of economic system where there is no government control.

Mixed
Market
Free Enterprise
Command

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Capitalism is most closely related to which type of economic system?

Command
Traditional
Free Enterprise
Mixed

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

If the supply of a good is higher than the demand, what happens to the price?

It stays the same
Price goes down
Price goes up
It's FREE!!

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An increase in competition would have what effect on price?

Price goes up
Price stays the same
Price goes down
It explodes

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