
Economic Systems
Quiz
•
Social Studies
•
12th Grade
•
Hard
Erik Jesus
Used 1+ times
FREE Resource
Enhance your content in a minute
24 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Who benefits from the free market economy?
consumers and producers
people living in poverty
wealthy entrepreneurs
the federal government
2.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
This photograph represents the type and scale of economic activity that is typical of a
specialized economy.
traditional economy.
centrally planned economy.
free market economy.
3.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
What does this graphic suggest about economic equity in American society since 1976?
Equity has remained stable over time.
Equity has steadily decreased over time.
Equity was achieved in the early 2000s.
Equity has steadily increased over time.
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Select the phrase that Adam Smith used to summarize the self-regulating device of the marketplace.
Invisible Hand
Own Gain
Annual Revenue
Promote An End
5.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
Which of the following is a function of firms in the market economy?
They ensure that the monetary flow is greater than the physical flow.
They supply households with land, labor, and capital.
They convert land, labor, and capital into goods and services.
They consume the goods and services that households produce.
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
"Competition encourages entrepreneurs to find new ways of producing goods and services."
This statement MOST CLOSELY relates to which of the advantages shown in the concept web?
efficient response to changing marketplace conditions
freedom of choice for consumers and producers
variety of goods and services
growth and innovation
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
In a society with a command economy, who answers the basic economic questions?
a military commission
producers in markets
consumers in markets
a central government
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
20 questions
Econ Unit 2 Review
Quiz
•
12th Grade
20 questions
Unit 2 Quiz - Immig., Demograph., Generat., Econ Basics
Quiz
•
9th - 12th Grade
20 questions
Foundations of the Constitution
Quiz
•
11th - 12th Grade
23 questions
Atmosphere and weather
Quiz
•
9th - 12th Grade
20 questions
Interaction and Diffusion
Quiz
•
12th Grade
20 questions
Unit 3 Review
Quiz
•
6th - 12th Grade
25 questions
Fall Semester Review
Quiz
•
9th - 12th Grade
20 questions
Unit 6: Urban Planning Review
Quiz
•
9th - 12th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
Discover more resources for Social Studies
18 questions
Early civil rights and African Americans
Quiz
•
9th - 12th Grade
20 questions
Unit 7.1 The Industrial Revolution
Quiz
•
9th - 12th Grade
13 questions
USHC 3 to North and South Advantages
Quiz
•
11th - 12th Grade
30 questions
AP Psychology: Social Psychology (4.1-4.3) Quiz
Quiz
•
12th Grade
52 questions
Unit 2 Economics (Micro and Market Structures)
Quiz
•
11th - 12th Grade
73 questions
AP Psychology - Developmental Psychology
Quiz
•
10th - 12th Grade
15 questions
PFLE: Unit 2 Review
Quiz
•
12th Grade
30 questions
Full test Unit 4: Industrial Revolution
Quiz
•
9th - 12th Grade
