AS 4.1

AS 4.1

9th - 12th Grade

13 Qs

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Economic Systems

Economic Systems

AS 4.1

AS 4.1

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Jerms Senn

Used 2+ times

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13 questions

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1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are factors of production?

Capitalism

Land

Capital

Entrepreneurship

Labor

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are economic question?

What to produce?

How to produce?

For whom to produce?

Where to produce?

All of the above

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are economic trends?

Changes in Ownership

Going Global

Profit Sharing

None of Above

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following is NOT a characteristic of the American Economy?

Nationalization

Laissez-Faire

Private Property

Competition

Profit Incentive

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The primary focus of economics is how people make ___________________.

Choices

Goods

Money

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a physical object that can be purchased?

Service

Good

Utility

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Wants are necessary for survival.

True

False

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