EPF Unit 1.1

EPF Unit 1.1

12th Grade

11 Qs

quiz-placeholder

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EPF Unit 1.1

EPF Unit 1.1

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Easy

Created by

Nikki Brewer

Used 95+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The study of large - scale economies; economic decisions of a nation/government

macroeconomics

microeconomics

trickle down economics

market economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The study of the behaviors and decisions made by individuals, households, and firms; economic decisions of individual and firms

macroeconomics

microeconomics

command economy

market economics

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system where the decisions of what, how and for whom to produce are based on custom or habit

Command Economy

Mixed Economy

Traditional Economy

Market Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system where the major economic decisions are made by the central government

Market Economy

Traditional Economy

Mixed Economy

Command Economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A system in which economics decisions and pricing are guided by the interactions of citizens and businesses

Market Economy

Command Economy

Traditional Economy

Mixed Economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic system that has characteristics of both a market and command economy

Traditional Economy

Mixed Economy

Market Economy

Command Economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what you have to give up to buy what you want in terms of other goods or services

free choice cost

opportunity cost

market cost

unknown cost

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