Economics Final

Economics Final

12th Grade

•

40 Qs

quiz-placeholder

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Economics Final

Economics Final

Assessment

Quiz

•

Social Studies

•

12th Grade

•

Medium

Created by

Marlan Simpson

Used 1+ times

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40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which economic system is being depicted in this image?

Mixed Economy

Market Economy

Command Economy

Traditional Economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What activity would find more common in a Traditional economy?

Bartering

Exchanging goods for money

Stock Market

Social Media

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which economic is also known as "Socialism"?

Traditional Economy

Command Economy

Market Economy

Mixed Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which economic system is also known as "Capitalism"?

Traditional Economy

Command Economy

Market Economy

Mixed Economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Who is responsible for creating the economic system we call "Capitalism"?

Adam Smith

Thomas Malthus

David Ricardo

All of them

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In which economic system will you see people growing and selling their own food, and the government providing food services like WIC and EBT?

Traditional Economy

Command Economy

Market Economy

Mixed Economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of the following economic philosophies is an extreme version of Socialism?

Liassez Faire

Democratic Socialism

Marxism

All of them

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