Social Studies
6th - 8th Grade
Used 28+ times
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17 questions
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1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What is capitalism? Choose all the correct answers.
a type of economic system where business is privately owned
a type of economic system run by the people
a type of economic system where business is owned by the government
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Another name for capitalism is
communism.
socialism.
the free-market system.
All the answers are correct
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a free market system?
People can decide what products to buy and how much they want to pay
The market is free to work itself out without government intervention.
Businesses can decide what products to make and how much to sell them for.
All the answers are correct
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Supply - how much stuff companies have to sell
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Demand - how much stuff people want to buy
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Supply - how much stuff people want to buy
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Demand - how much stuff companies have to sell
True
False
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