Intro Chapter 1-3

Intro Chapter 1-3

9th - 11th Grade

‱

20 Qs

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Intro Chapter 1-3

Intro Chapter 1-3

Assessment

Quiz

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Other

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9th - 11th Grade

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Medium

Created by

Michele Moore

Used 1+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec ‱ 1 pt

What are the three economic questions?

What to produce

How to produce

Who will get the goods produced

all of the above

2.

MULTIPLE CHOICE QUESTION

30 sec ‱ 1 pt

Every country has the same wants and needs.

False

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec ‱ 1 pt

In the United States what you buy is determined by____

Your job

Where you live

Money

Your dog

4.

MULTIPLE CHOICE QUESTION

30 sec ‱ 1 pt

Which of these are the economic systems

Command Economy

Market Economy

Traditional Economy

All of the them

5.

MULTIPLE CHOICE QUESTION

30 sec ‱ 1 pt

What is a characteristic of a command economy

consumers buy what they want

government decides what and how things will be produced, and how they will be distributed

goods produced by hand

businesses produce what they want

6.

MULTIPLE CHOICE QUESTION

30 sec ‱ 1 pt

What is a characteristic of a market economy?

simple tools

government assigns people to careers

freedom is limited

individuals make decisions through buying and selling

7.

MULTIPLE CHOICE QUESTION

30 sec ‱ 1 pt

What is a characteristic of a traditional economy?

Freedom is limited

Centered on meeting the basic needs

Consumers buy what they want

Government assigns people to careers

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