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Economic Systems formative

Authored by Stanley Maletz

History

8th Grade

CE covered

Used 11+ times

Economic Systems formative
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a form of business organization with two or more owners who share the risks and the profits

coop

corporation

partnership

proprietorship

Tags

CE.12c

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Containing elements of more than one system

command

market

mixed

traditional

Tags

CE.11b

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Centrally planned economy—Government tells you what to make

command

market

mixed

traditional

Tags

CE.11b

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a form of business organization that is authorized by law to act as a legal entity regardless of the number of owners

Coop

Corporation

Partnership

Proprietorship

Tags

CE.12c

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

how much will be produced at a given price

consumption

demand

supply

want

Tags

CE.11a

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

basic requirements for human life (food, clothing, shelter)

consumption

demand

needs

supply

Tags

CE.11a

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

how much will be consumed at a given price

consumption

demand

needs

supply

Tags

CE.11a

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