Allocation and Economic Systems

Allocation and Economic Systems

9th Grade

10 Qs

quiz-placeholder

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Allocation and Economic Systems

Allocation and Economic Systems

Assessment

Quiz

Business

9th Grade

Practice Problem

Hard

Created by

Gen Fermante

Used 7+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A system in which societies or governments organize and distribute available resources, services, and goods across a geographic region or country.

Allocation system

Market System

Economic System

Technological System

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

This type answers problem based on traditions, customs, beliefs, and norms of the society

Market Economy

Command Economy

Mixed Economy

Traditional Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

It is an economic system where two forces, known as supply and demand, direct the production of goods and services.

Command Economy

Mixed Economy

Market Economy

Traditional Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

It deals with the extensive land ownership. The basis of man's power depends on the ownership of land.

Monarchy

Aristocracy

Feudalism

Tyranny

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

Market Economy

Capitalism

Marxism

Feudalism

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Economic decisions comes from a central authority and people are expected to abide by those decisions.

Free Economy

Command Economy

Mixed Economy

Traditional Economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is an example of Mixed Economy?

Communist and Socialist

Agriculture

Free market

Traditional

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