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Economics Review

Authored by Briana Konecke

Social Studies

10th Grade

Used 3+ times

Economics Review
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economy where supply and price are regulated by the government rather than market forces.

Command Economy

Traditional Economy

Market Economy

Mixed Economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system allows private economic freedom, but also allows for governments to interfere.

Command Economy

Traditional Economy

Market Economy

Mixed Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economy in which communities use ancient tools and methods to harvest and hunt for food.

Command Economy

Traditional Economy

Market Economy

Mixed Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

System in which economic decisions are guided by citizens and businesses and there is little government intervention.

Command Economy

Traditional Economy

Market Economy

Mixed Economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The United States has a

Command Economy

Traditional Economy

Market Economy

Mixed Economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Refers to the amount of a good or service that people are both willing and able to buy

supply

capital

demand

scarcity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of a good or service available at any particular PRICE

supply

capital

demand

scarcity

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