
Economics
Authored by Jason Eshleman
Geography
7th - 8th Grade
Used 23+ times

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29 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a ______________ economic system, customs and traditions determine what and how to produce
traditional
market
command
mixed
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a ______________ economic system, the government owns resources and controls production, prices, and wages
traditional
market
command
mixed
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a free market economy?
An economy based on supply and demand with little or no government control
The international exchange of goods
An economy in which decisions are made by the government
An economy that is communist
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of economy does the United States have?
traditional
mixed
command
market
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economy involves trading, and doesn't usually use money?
traditional
command
mixed
market
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the supply of a good is higher than the demand, what happens to the price?
stays the same
price increases
price decreases
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A farmer would fall under which economic activity?
Primary
Secondary
Tertiary
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