Unit 1 Economics Review
Authored by Matthew Zeitchik
Other
9th - 12th Grade
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25 questions
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1.
REORDER QUESTION
45 sec • 1 pt
Place the Three Economic Questions in Order
How will it be produced?
For whom will it be Produced?
What will be Produced?
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of these answers best classifies as Monopoly?
Little Competition in a market
A single firm controls the market or is dominant in a market.
A few firms are dominant and compete in a market.
Perfect Competition
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of these answers best classifies as an Oligopoly?
No Competition
Perfect Competition in a market
A single firm controls the market or is dominant in a market.
A few firms are dominant and compete in a market.
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which type of Economy is focused on culture and beliefs?
Market
Mixed
Traditional
Command
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which type of Economy is heavily controlled by the Government?
Traditional
Command
Market
Mixed
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which Economy is based on consumer WANTS?
Market
Mixed
Command
Traditional
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Select ALL that Apply: Select Characteristics of a Mixed Economy.
Government Involvement
No Government involvement
Principles of supply and demand
Protects Private Property
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