Review (Goals, Resource Allocation Strategies, Role of Gov)

Review (Goals, Resource Allocation Strategies, Role of Gov)

10th - 12th Grade

•

40 Qs

quiz-placeholder

Similar activities

WRS - Europe

WRS - Europe

9th - 12th Grade

•

40 Qs

DIASS 2ND LONG QUIZ

DIASS 2ND LONG QUIZ

12th Grade

•

40 Qs

Government Final Exam Study Guide

Government Final Exam Study Guide

9th - 12th Grade

•

37 Qs

Mid Term Review

Mid Term Review

6th - 12th Grade

•

41 Qs

WHAP Review #1

WHAP Review #1

10th - 11th Grade

•

40 Qs

LATIHAN BAHASA INGGRIS SAS GENAP KELAS 6

LATIHAN BAHASA INGGRIS SAS GENAP KELAS 6

6th Grade - University

•

40 Qs

Scarcity year 10

Scarcity year 10

10th Grade

•

40 Qs

Ch 14 Bureaucracy Quiz Prep

Ch 14 Bureaucracy Quiz Prep

9th - 12th Grade

•

43 Qs

Review (Goals, Resource Allocation Strategies, Role of Gov)

Review (Goals, Resource Allocation Strategies, Role of Gov)

Assessment

Quiz

•

Social Studies

•

10th - 12th Grade

•

Easy

Created by

Wesley Edwards

Used 3+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the function of the price mechanism in a market economy?

allocating resources and guiding choices

allowing governments to provide price stability

enabling markets to operate fairly

preventing competitors from entering a market

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a private market system certain goods and services would not be available unless the government intervened. What does this identify in a private market?

market distribution

market equilibrium

market failure

market structure

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This allocation strategy allows rationing of a resource based on who can afford the price set by the market.

price

majority rule

contest

force

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this strategy, who gets what is determined by what the majority wants

majority rule

contest

force

price

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this allocation strategy the resource is distributed to the person who wins.

contest

price

majority rule

force

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When resources are taken by force or threat

force

sharing

lottery

price

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a resource is distributed among all of those who need/want it

sharing

majority rule

price

first-come first-served

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?