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UNIT ONE REVIEW

Authored by Lori Koster

Social Studies

7th Grade

Used 17+ times

UNIT ONE REVIEW
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22 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three economic questions that every country must answer?

What to produce?

How to produce?

When to produce?

What to produce?

How to produce?

For whom to produce?

For whom to produce?

Why to produce?

What to produce?

Why to produce?

How to produce?

When to produce?

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who answers the economic questions in a command economy?

The government

The people

The businesses

The legislature

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the economic questions in a market economy based on?

The government

The people

The businesses

Supply and demand

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There is no such thing as a 100% pure market economy.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There are several countries that have a 100% pure command economy.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What kind of economy do all countries have?

Traditional

Market

Mixed

Command

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is GDP?

The total of goods and services produced by a country in a year.

The amount of economic freedom a country has.

It is the total amount of profit a country makes in a year.

The amount of products shipped out for trade.

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