Econ Chapter 2

Econ Chapter 2

12th Grade

22 Qs

quiz-placeholder

Similar activities

Year 12 Economics AOS 2 [7] Employment

Year 12 Economics AOS 2 [7] Employment

11th - 12th Grade

20 Qs

Reagan & Cold War End

Reagan & Cold War End

12th Grade

18 Qs

East Asia: Geography & Vocab

East Asia: Geography & Vocab

12th Grade - University

20 Qs

Kondisi Masyarakat Indonesia pada Masa Penjajahan

Kondisi Masyarakat Indonesia pada Masa Penjajahan

12th Grade

20 Qs

Not For Sale: Kelo v NLDC Vocabulary

Not For Sale: Kelo v NLDC Vocabulary

7th - 12th Grade

20 Qs

IPS Tema 3 Subtema 1 Kelas 6

IPS Tema 3 Subtema 1 Kelas 6

12th Grade

18 Qs

Final Review 2

Final Review 2

9th - 12th Grade

20 Qs

Pospay by Pos Indonesia

Pospay by Pos Indonesia

12th Grade - Professional Development

20 Qs

Econ Chapter 2

Econ Chapter 2

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Michael Williams

Used 42+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an Economic System?

Organized way a society provides for the wants and needs of its people

The system in which economic models are created

The formative structure that lays over the foundation of the stock market

A proposal of Adam Smith's that resources are in fact unlimited

2.

MATCH QUESTION

1 min • 1 pt

Match the following Economic Systems

a central authority that makes the major economic decisions

Command System

Allocation of scarce resources, and other economic activity is the result of ritual, habit or custom

Traditional System

the government owns some, but not all, of the factors of production/resources

Communism

private citizens own and use the factors of production in order to generate profits

Market System

factors of production are collectively owned and directed by the state; *classless*

Socialism

3.

MATCH QUESTION

1 min • 1 pt

The following countries economic systems are best characterized by which market structure?

France

Traditional

Inuit Peoples

Market

Cuba

Socialist

North Korea

Command

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Rapid Economic Growth and no government involvement is an Advantage of what System?

5.

REORDER QUESTION

1 min • 1 pt

Order the Following in rate of Economic Growth

Command

Traditional

Mixed

Capitalist

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Volatile and Risky economies are a disadvantage of which economic systems?

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Simplicity and Everyone knowing their role is an advantage of which market system?

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?