Culture, Economy, and Government Quiz

The set of beliefs, goals, and practices that a group of people share is known as: 

• behavior
• interdependence
• culture
• diffusion

What is a service?

• A job
• Something someone does for you
• A need
• Something you do for another person

In this type of economy, most goods and services are from private companies.

• Mixed Economy

• Command Economy

• Market Economy

In this type of economy, the government owns and offers all of the goods and services and decides on the cost of them.

• Mixed Economy

• Command Economy

• Market Economy

In this type of economy, the government owns some property, offers some goods and services, and creates some rules. Many goods and services are also offered by private companies which creates competition.

• Mixed Economy

• Command Economy

• Market Economy

The desire or willingness a consumer has to purchase a good or a service is called?

• shortage
• supply
• price
• demand

The amount of goods or services available is called?

• supply
• demand
• producer
• consumer

Amazon Prime is selling Smencils.  There are only a few packs left and they are very popular.  What will happen to the price?

• The price will go up.
• The price will go down.

Tags

CCSS.HSF-LE.A.1B

A Market Economy is based on?

• Goods and Services

• Goods and Products

• Supply and Demand

• Service

Led by a king or queen

• Monarchy
• Oligarchy