
Quiz 2
Authored by Sophie Li
Other
12th Grade
Used 3+ times

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17 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is an economic system in which the government and people are used to decide how to use scarce resources?
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is an economic system where only the government makes the economic decisions?
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What type of economy do most countries in the world have?
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The Country of North Korea has a dictator that makes all of the economic decisions. What type of economy is this?
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What are the 3 economic questions?
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which economy is dictated by supply and demand and the buyers and sellers (consumers and producers)?
Market
Socilaism
Mixed
Command
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
WHAT ARE THE 4 FACTORS OF PRODUCTION?
Land, Capital, Need & Want
Land, Labor, Capital, Entrepreneurs
Water, Air, Food & Shelter
Land, Capital, Good & Service
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