2.03 Business Essentials Review

2.03 Business Essentials Review

9th Grade

20 Qs

quiz-placeholder

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2.03 Business Essentials Review

2.03 Business Essentials Review

Assessment

Quiz

Business

9th Grade

Practice Problem

Medium

Created by

Conner Buddington

Used 44+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following items is found in all economic systems:

Technology

Subsistence

Participants

Dollars

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The most common medium of exchange in modern economic systems is

barter

credit

capital

money

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

One of the reasons that a country needs an economic system is because it

is independent of other nations

has a limited supply of resources

has limited wants and needs

has immigrants from several countries

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following types of economic systems adopts the fewest new ideas

and improvements:

communist command

market

socialist command

traditional

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In a ________ economy, the government controls the economic system and does not allow private ownership of the means of production and distribution.

traditional

socialist command

market

communist command

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Government owns some basic means of production, but there is private ownership of

business under

communism

socialism

capitalism

entrepreneurship

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In a ________ economy, individuals and businesses own the means of production and

distribution with limited government regulation.

market

socialist command

traditional

communist command

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