FINAL EXAM IN CONTEMPORARY WORLD
Authored by Wilbert Letriro
Social Studies
University
Used 46+ times
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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is an organized way in which a country allocates resources and distributes goods and services across the nation.
Economy
Economist
Economic System
Barter System
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is a traditional economic system where people traded goods.
Economy
Economist
Economic System
Barter System
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It includes the combination of several entities, institutions, agencies, decision-making processes and patterns of consumption
Economy
Economist
Economic System
Barter System
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is a type of economic system based on the culture or customs of a particular group.
Command Economy
Market Economy
Mixed Economy
Traditional Economy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is a type of economic system where the government answers the questions of production and other economic questions.
Command Economy
Market Economy
Mixed Economy
Traditional Economy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is a type of economic system where there is no regulation coming from the government and individuals have control of everything.
Command Economy
Market Economy
Mixed Economy
Traditional Economy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is a type of economic system which is determined partly by the purchasing power of the people and partly by government preference.
Command Economy
Market Economy
Mixed Economy
Traditional Economy
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