
Economics
Quiz
•
Geography
•
7th Grade
•
Medium
Ashley Dutton
Used 2+ times
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23 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economic system where government controls everything.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economic System where there is limited technology and ideas are passed down from generation to generation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the supply of a good is higher than the demand, what happens to the price?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An increase in competition would have what effect on price?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How will scarcity of a capital good impact price?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system where government makes all economic decisions
traditional
mixed
market
command
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system where the consumer and producers (not government) determine what is produced/consumed
command
tarditional
market
mixed
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