Civics Chapter 19 Review

Civics Chapter 19 Review

11th Grade - University

50 Qs

quiz-placeholder

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Civics Chapter 19 Review

Civics Chapter 19 Review

Assessment

Quiz

Social Studies

11th Grade - University

Practice Problem

Medium

Created by

Thomas Schexnayder

Used 3+ times

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50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economy in which people make economic decisions based on their customs and habits.

Traditional economy

Market economy

Command economy

Mixed economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Amount of a good or a service that is available for use?

Market

supply

incentive

revenue

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a market? 

where productive resources are bought and sold

where producers offer goods and services

the willing exchange of goods and services between buyers and sellers

where consumers earn their income

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The ______ between sellers keeps the cost of production low and quality of goods high. 

profit motive

interdependence

exchange

competition

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money left over after all the costs of production have been paid.

profit

profit motive

expenditures

cost

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics is the study of how we make decisions in a world of limited?

Needs

wants

choices

resources

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Person or business that buys or consumes products.

Producer

command economy

consumer

revenue

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