Basic Economics

Basic Economics

9th - 11th Grade

10 Qs

quiz-placeholder

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Basic Economics

Basic Economics

Assessment

Quiz

Social Studies

9th - 11th Grade

Medium

Created by

Nikki Brewer

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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.  
Market 
Traditional
Command 
Mixed

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Media Image
This type of economy is passed down through family traditions. They learn from their parents. 
Traditional 
Market 
Mixed 
Command 

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

Media Image

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

Media Image

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

Media Image

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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