Mid-Term Exam Review-Economics

Mid-Term Exam Review-Economics

12th Grade

55 Qs

quiz-placeholder

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Mid-Term Exam Review-Economics

Mid-Term Exam Review-Economics

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Kyle Yobs

Used 6+ times

FREE Resource

55 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic system where government controls everything.
Market
Command
Mixed
Free Enterprise

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Type of Economy that is half command and half market
Traditional
Command
Market 
Mixed

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Type of economic system where there is no government control.
Mixed
Market
Free Enterprise
Command

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Capitalism is most closely related to which type of economic system?
Command
Traditional
Free Enterprise
Mixed

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the supply of a good is higher than the demand, what happens to the price?
It stays the same
Price goes down
Price goes up
It's FREE!!

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An increase in competition would have what effect on price?
Price goes up
Price stays the same
Price goes down
It explodes

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If there is no competition in your market, how would that impact your business?
You could charge more for your product
You would make more
You would hire more employees
You would charge less for your product

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