
Basic Economics
Authored by Nikki Brewer
Social Studies
9th - 11th Grade
Used 100+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
In this type of economy, the people decide the supply, demand, and price.
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
This type of economy is passed down through family traditions. They learn from their parents.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economy has central ownership, the government, and lack of individual choice?
Market
Mixed
Command
Traditional
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This means that the government should not interfere in the marketplace.
Laissez Faire
Capitalism
Communism
Socialism
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Which of these examples is a service?
Mr. Farr sells guitars.
Mr. Swenson gives art supplies to consumers.
Coach provides lessons for different sports.
Ms. Miller writes books.
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is supply?
the amount of an item you have
how many people want your good/service
the money you have left over after you paid your bills
none of these
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is demand?
the amount of an item you have
how many people want your good/service
the money you have left over after you paid your bills
none of these
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