Economics Semester Test Review

Economics Semester Test Review

9th - 12th Grade

40 Qs

quiz-placeholder

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Economics Semester Test Review

Economics Semester Test Review

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Kristjin Swanson

Used 18+ times

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40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Resources are allocated by the government only.

Traditional

Command

Market

Mixed

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Marketing decisions are made by market conditions.

Traditional

Command

Market

Mixed

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Allocation of resources is based upon ancient religious writings.

Tradtional

Command

Market

Mixed

4.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

Businesses and individuals own natural resources and capital goods.

Traditional economy

Command economy

Market economy

Mixed economy

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Government controls business decisions extensively for the allocation of some resources but little over distribution of those resources.

Traditional Economy

Command Economy

Market Economy

Mixed Economy

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

China is a good example of this economic system.

Traditional Economy

Command Economy

Market Economy

Mixed Economy

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Factors of Production include which of the following?

land, labor, and capital

technology products and entrepreneurship

goods and services

all of the products produced in an economy

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