EB Unit 2 2.03 Test

EB Unit 2 2.03 Test

9th - 12th Grade

20 Qs

quiz-placeholder

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EB Unit 2 2.03 Test

EB Unit 2 2.03 Test

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Cheryl Albright

Used 10+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

Which of the following items is found in all economic systems:

Technology

Participants

subsistence

Dollars

2.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

The most common medium of exchange in modern economic systems is

barter

capital

credit

money

3.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

One of the reasons that a country needs an economic system is because it

is independent of other nations

has limited wants and needs

has a limited supply of resources

has immigrants from several countries

4.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

Which of the following types of economic systems adopts the fewest new ideas and improvements:

Communist command

Socialist command

Market

Traditional

5.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

In a __________ economy, the government controls the economic system and does not allow private ownership of the means of production and distribution.

traditional

market

socialist command

communist command

6.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

Government owns some basic means of production, but there is private ownership of business under

Communism

Capitalism

Socialism

Entrepreneurship

7.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

In a __________ economy, individuals and businesses own the means of production and distribution with limited government regulation.

market

traditional

sociaist command

communist command

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