EPF Final Test Review

EPF Final Test Review

11th Grade

72 Qs

quiz-placeholder

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EPF Final Test Review

EPF Final Test Review

Assessment

Quiz

Social Studies

11th Grade

Practice Problem

Medium

Created by

Scott Loosemore

Used 22+ times

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72 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jane wants to be a scientists, but her family have always been farmers, so she becomes a farmer

Traditional

Captialism

Socialism

Communism

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economies try to answer these fundamental economic questions:

What goods and services are to be produced?

How are goods and services to be produced?

For whom are goods and services to be produced?

all of these

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a ___________ economy, decisions about production and consumption are made by the government.

market

mixed

command

free enterprise system

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most modern economies today are ______ economies.

market

traditional

command

mixed

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The United States is an example of which type of economic system?

Command economy

Traditional economy

Free market economy

Mixed economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who owns the factors of production in a command economy?

Individuals and privately owned businesses

Large corporations

The government

Foreign firms

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a mixed economy I decide the hours I am open and whether I am safe to open or not.

True

False

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