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Personal Finance Ch. 5

Authored by Caleb Worsham

Business, Life Skills

6th Grade

Used 9+ times

Personal Finance Ch. 5
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system based on the private ownership of business and the products made and sold

Market economy

Command economy

Traditional economy

Mixed economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system in which the government owns, controls, and regulates all aspects of production, trade, and income generated by the most valuable resources.

Market economy

Command economy

Traditional economy

Mixed

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system that is based on tradition and most often found in underdeveloped regions.

Market economy

Command

Traditional

Mixed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A market economy is driven by this economic principle.

The stock market

Supply and demand

Centralized control

Regulation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which economic sector are raw materials harvested?

Secondary

Primary

Tertiary

Quarternary

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which economic sector are raw materials turned into finished products.

Secondary

Primary

Tertiary

Quaternary

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic sector deals with knowledge and information.

Secondary

Primary

Tertiary

Quarternary

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Microsoft

Microsoft

Apple

Apple

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Others

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