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Chapter 17 Review

Authored by ANN CHAMPAGNE

Social Studies

9th Grade

Used 6+ times

Chapter 17 Review
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26 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Type of Economic Systems:

economic decisions are made based on customs and beliefs that have been handed down generation to generation.

Traditional Economy

Command Economy

Market Economy

Mixed Economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Type of Economic Systems:

decisions are made 100% by individuals with no government oversight.

Traditional Economy

Command Economy

Market Economy

Mixed Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Type of Economic Systems:

the government controls all economic development and decides how to best use resources and distribute wealth.

Traditional Economy

Command Economy

Market Economy

Mixed Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Type of Economic Systems:

most decisions are made by individuals but government has a role and sometimes oversees entire industries.

Traditional Economy

Command Economy

Market Economy

Mixed Economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economy does the United States have?

Traditional Economy

Command Economy

Market Economy

Mixed Economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A situation where only one company sells a specific product or provides a specific service.

Free Enterprise

Free Market

Monopoly

Profit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The lack of a particular product or resource, therefore the price rises.

Scarcity

Profit

Competition

Monopoly

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