U.S. Economy

U.S. Economy

22 Qs

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U.S. Economy

U.S. Economy

Assessment

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Created by

Charles Anderson

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22 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Most countries today have which type of economic system?

Mixed
Market
Traditional
Command

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which economic system has the least amount of government involvement in decision making?

Mixed
Market
Command
Traditional

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The government of the Soviet Union provided food for its citizens.  However, the food was often in short supply, had little variety, and was of poor quality.  What type of economy was the Soviet Union?

Mixed
Market
Command
Traditional

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The amount of money you make after all expenses have been paid is called what?

Profit
Competition
Private Property
Free Markets

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A command economy is

when the people determine economic decisions.

when someone tells the economy what to do.

when the government makes all the economic decisions.

I don't know.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A free market economy is

when the people determine economic decisions.

when no one tells the economy what to do.

when the government makes all the economic decisions.

I don't know.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

In this type of economy, the individual decides who to sell their products to.  

Traditional 
Mixed 
Market
Command

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