
Mega Econ Review
Quiz
•
Social Studies
•
11th Grade
•
Practice Problem
•
Easy
Paul Downey
Used 4+ times
FREE Resource
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country is LEAST capitalistic (ie no economic freedom)?
Canada
England
Cuba
Germany
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who benefits MOST from competition?
Consumers
producers
governments
foreign nations
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the government promote competition in the private sector?
practicing laisssez-faire (hands off)
allowing large horizontal mergers
passing laws to regulate monopolies
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What effect will imposing a tariff on lumber from Canada do to the overall supply of lumber?
the supply will be unchanged
The supply will decrease
The supply will increase
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Providing assistance to a family whose head of household is physically disable is an example of the government attempting to...
redistribute income
promote competition
control negative externalities
define & enforce property rights
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do nations trade?
to get better products
because of the principal of comparative advantage
They want the world to be a better place
To experience other cultures
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is gained by making a particular choice is called...
opportunity benefit
opportunity cost
allocation
scarcity
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