Econ Unit 2 Review
Assessment
•
Nikolas Chernushin
•
Social Studies
•
9th - 12th Grade
•
1 plays
•
Hard
Student preview
23 questions
Show answers
1.
Multiple Choice
What do all economies have in common?
Distribute resources the same way.
Distribute profits the same way.
All determine how to distribute resources
All ensure equality.
2.
Multiple Choice
Determines allocation and production through personal connections.
traditional economy
command economy
free market economy
communist economy
3.
Multiple Choice
Government determines allocation and production.
traditional economy
command economy
free market economy
communist economy
4.
Multiple Choice
Buyers and sellers determine allocation and production.
traditional economy
command economy
free market economy
communist economy
5.
Multiple Choice
Which statement is true about communism?
Widespread private ownership.
There has never been a fully communist country.
American is a communist country.
Allocation is based on personal relationship.
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