Market Economy Quiz

Market Economy Quiz

10th Grade

18 Qs

quiz-placeholder

Similar activities

Lesson 2. Circular Flow of Economic Activity

Lesson 2. Circular Flow of Economic Activity

9th Grade - University

20 Qs

Auto Insurance  - QUIZ

Auto Insurance - QUIZ

9th - 12th Grade

20 Qs

Penilaian Harian 2

Penilaian Harian 2

10th Grade

20 Qs

Fundamental Rights Bharat #12

Fundamental Rights Bharat #12

7th - 12th Grade

17 Qs

ASESMEN SUMATIF TENGAH SEMESTER SOSIOLOGI X MAN 2 BANDUNG

ASESMEN SUMATIF TENGAH SEMESTER SOSIOLOGI X MAN 2 BANDUNG

10th Grade

20 Qs

Prophethood in Islam

Prophethood in Islam

9th - 11th Grade

21 Qs

First Empires of Africa & Asia

First Empires of Africa & Asia

9th - 10th Grade

20 Qs

Basic Economics

Basic Economics

10th - 12th Grade

19 Qs

Market Economy Quiz

Market Economy Quiz

Assessment

Quiz

Social Studies

10th Grade

Medium

Created by

Patrick Creech

Used 171+ 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

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?