Economic Systems

Economic Systems

9th - 12th Grade

28 Qs

quiz-placeholder

Similar activities

GLOBALISASYON PART 2

GLOBALISASYON PART 2

9th - 10th Grade

25 Qs

SOCIOLOGY YEAR 10 & 11

SOCIOLOGY YEAR 10 & 11

10th - 11th Grade

23 Qs

Y9 Economics Quiz 1

Y9 Economics Quiz 1

9th Grade

23 Qs

IGCSE GP Review Material

IGCSE GP Review Material

10th Grade

24 Qs

PTS Ekonomi X SMANSA Dolmer

PTS Ekonomi X SMANSA Dolmer

10th Grade

25 Qs

Feudalism and Hierarchy

Feudalism and Hierarchy

10th Grade

26 Qs

The Andrew Jackson Era (7th president - 1829-1837)

The Andrew Jackson Era (7th president - 1829-1837)

5th - 12th Grade

24 Qs

Government Test Review

Government Test Review

9th - 12th Grade

25 Qs

Economic Systems

Economic Systems

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Christopher Gonzales

Used 24+ times

FREE Resource

AI

Enhance your content in a minute

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

28 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A command economy is when the government is in control.

True
False

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is an economic system in which the government and people are used to decide how to use scarce resources?

Market economy

Command economy

Traditional economy

Mixed economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is the social & political commitment & freedom to start their own businesses & compete

free enterprise system
free response system
free travel system
freedom of choice

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: The government can't take your property without just compensation.

True
False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The driving force behind people going into business is

profit margin
profit motive
opportunity cost
taxes

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The concept that people have the right and privilege to control their possessions as they wish.

legal equality
open opportunity
private property
profit incentive

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The rivalry between sellers to get more customers by lowering costs & better goods/services

voluntary exchange
competition
incentives
legal equality

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?