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Economics

Authored by Liam Charles

Social Studies

9th Grade

Used 22+ times

Economics
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10 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Putting your money in a high-interest bank account is low ...

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Investing your money in the stock-market is ... risk.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is how much lost or unclaimed superannuation exists in Australia:

1.3 billion

400 million

645 million

13.8 billion

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Using the 'two cows' analogy what might happen in a communist economy.

The government would take your cows and give you some milk.

You would sell one cow and buy a bull.

The government would take both of your cows and shoot you in the head.

The government regulates how what you can feed your cows but allows you to sell them.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which 'two cows' scenario best describes the capitalist economic system.

You have two cows. Your lord takes some of the milk.

You have two cows. You have to take care of them, but the government takes all the milk. You steal back as much milk as you can and sell it on the black market.

You have two cows. You sell one and buy a bull.

You have two cows. You have to take care of them, but the Mafia takes all the milk.

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

In the Ukraine in the late 1920s/early 1930s, the Soviet government confiscated all the ... from the peasants.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The grain that was confiscated from the Ukrainian peasants in the 1930s was designed to ...

Feed the Soviet leadership.

Be exported to China.

Build up heavy industry.

Be turned into cereal.

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