Market Economy Quiz

Market Economy Quiz

10th Grade

18 Qs

quiz-placeholder

Similar activities

Economic Systems

Economic Systems

10th Grade

20 Qs

Different Types of Economies

Different Types of Economies

6th Grade - University

15 Qs

free enterprise

free enterprise

10th - 12th Grade

15 Qs

Foundations of Gov_2

Foundations of Gov_2

9th - 12th Grade

14 Qs

Economic Systems

Economic Systems

9th - 12th Grade

20 Qs

Unit 9 Vocab Quiz

Unit 9 Vocab Quiz

10th Grade

15 Qs

Economic

Economic

6th Grade - University

15 Qs

Economic System

Economic System

6th Grade - University

15 Qs

Market Economy Quiz

Market Economy Quiz

Assessment

Quiz

Social Studies

10th Grade

Medium

Created by

Patrick Creech

Used 169+ times

FREE Resource

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a market economy, who answers the 3 economic questions?

Buyers and sellers

The government

Traditions and customs

Your mom

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A(n) ____ is a method a society uses to answer the 3 economic questions.

Economic System

Market Structure

Type of Government

Planning Board

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

___ basically invented modern economics with his book The Wealth of Nations.

Adam Smith

Karl Marx

Frederich Engels

Gouverneur Morris

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The idea that buyers and sellers willingly enter into economic transactions.

Voluntary Exchange

Rational Choice

Consumer Sovereignty

Free Enterprise

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The idea that individuals can be trusted to make decisions that best benefit themselves.

Voluntary Exchange

Rational Choice

Consumer Sovereignty

Free Enterprise

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The idea that ultimately, decisions in a market economy will be based on what individuals buy.

Voluntary Exchange

Rational Choice

Consumer Sovereignty

Free Enterprise

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic model in which businesses operate free from government control.

Voluntary Exchange

Rational Choice

Consumer Sovereignty

Free Enterprise

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?