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Economics

Authored by Ashley Dutton

Geography

7th Grade

Used 2+ times

Economics
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23 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic system where government controls everything.

Market
Command
Mixed
Free Enterprise

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic System where there is limited technology and ideas are passed down from generation to generation

Command
Traditional
Mixed
Market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the supply of a good is higher than the demand, what happens to the price?

It stays the same
Price goes down
Price goes up
It's FREE!!

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An increase in competition would have what effect on price?

Price goes up
Price stays the same
Price goes down
It explodes

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How will scarcity of a capital good impact price?

Price would go up
Price would go down
Price would stay the same
You wouldn't sell any

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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