SY21-22 Lesson 1 Economics Practice
Authored by Ms Perry
Geography
9th - 12th Grade
Used 1+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a characteristics of a market economy?
lack of choice
individual choice
competition
central ownership of property
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economy has central ownership and lack of individual choice?
Market Economy
Mixed Economy
Command Economy
Traditional Economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economic system bases its decisions on custom?
Market Economy
Mixed Economy
Command Economy
Traditional Economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economy is run by the businesses & business owners?
Command
Mixed
Communist
Market
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economy is based on traditions and beliefs?
Command
Market
Traditional
Mixed
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economy involves trading, and doesn't usually use money?
Command
Traditional
Market
Mixed
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economy has the government making all decisions?
Market
Mixed
Traditional
Command
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