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Rapid Review Blue CE.11b

Authored by Warren Fisher

Social Studies, History

7th Grade

Used 32+ times

Rapid Review Blue CE.11b
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10 questions

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1.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

What are the three basic questions of Economics?

What will be produced?
For whom will it be produced?
Why is it produced?
How will it be produced?
How much will this cost?

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The type of economy a country has is determined by the amount of...

Good produced
Government Involvement

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In this type of economy, people do the same work as their parents and gradparents. Their job isbased on custom and historical precedent.

Free Market Economy
Mixed Economy
Traditional Economy
Command Economy

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

This type of economy has the least amount of government involvement. There is private ownership of proterty and resources.

Free Market Economy
Mixed Economy
Traditional Economy
Command Economy

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

This type of economy has the most amount of government involvement with central ownership of property and resources. It is centrally planned and there is a lack of consumer choice.

Free Market Economy
Mixed Economy
Traditional Economy
Command Economy

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In this type of economy, decisions are made by individuals, businesses, and the government. An example of this type of economy is the US economy.

Free Market Economy
Mixed Economy
Traditional Economy
Command Economy

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Wherever and whenever buyers and sellers exchange goods and services.

Markets
Private Sector
Public Sector

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