Government & Economics Review

Government & Economics Review

7th Grade

20 Qs

quiz-placeholder

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Government & Economics Review

Government & Economics Review

Assessment

Quiz

Social Studies

7th Grade

Medium

Created by

Michael McQuaid

Used 49+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system do you trade goods and services for other goods and services? No money is exchanged.

Traditional/Barter

Command/Communism

Command/Socialism

Free Market/Capitalism

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system does the government own and control all the factors of production. They decide who gets what, and how much they can have?

Command/Communism

Command/Capitalism

Free Market/Capitalism

Barter/Traditional

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many basic economic systems are there?

2

3

4

5

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes a Capitalistic system?

Being told what to buy and when you to buy from the government.

Trading with other people for what you need and not exchanging money?

Prices being determined by supply and demand and being free to make your own economic decisions.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is capital?

The means of production

A material that will help you make money

An important economic resource

All are true

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of your terms is best defined as "a system of distributing wealth, money, and resources?

Economies

Government

Capital

Monarchy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system are people free to chose what they want to buy?

Free Market

Command Economcy

Traditional/Barter

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