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Economics Final

Authored by Jessica Forrest

Social Studies

10th Grade

Economics Final
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41 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

Which type of economy is usually paired with a Communist government?

Mixed
Market
Command
Traditional

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Who invented communism?

Plato

Karl Marx

Paul Samuelson

Adam Smith

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Capitalism is in what type of economy?

Traditional

Command

Market

Authortarian

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money a business makes after its expenses are paid

profit

supply

demand

scarcity

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