Economics Test

Economics Test

12th Grade

35 Qs

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Economics Test

Economics Test

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Marlan Simpson

Used 8+ times

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35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which economic system is being depicted in this image?

Mixed Economy

Market Economy

Command Economy

Traditional Economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which economic is also known as "Socialism"?

Traditional Economy

Command Economy

Market Economy

Mixed Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which economic system is also known as "Capitalism"?

Traditional Economy

Command Economy

Market Economy

Mixed Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In which economic system will you see people growing and selling their own food, and the government providing food services like WIC and EBT?

Traditional Economy

Command Economy

Market Economy

Mixed Economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics is

The study of money

The study of wealth

The study of business exchange

The study of choices

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Good economic decisions are made when the benefits of a choice are greater than the

costs

community

needs

desire

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT true about NEEDS?

It's a requirement for survival.

Water is an example of a negotiable need.

Negotiable needs are individually determined.

Everyone human being has needs.

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