Economies of the USA

Economies of the USA

7th Grade

13 Qs

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Economies of the USA

Economies of the USA

Assessment

Quiz

History

7th Grade

Practice Problem

Easy

Created by

Cathy Driver

Used 14+ times

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13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is economics?

the branch of knowledge concerned with the production, consumption and transfer of wealth

a branch of the US government

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the 4 types of economic systems?

Market, Republic, Command and Traditional

Command, Mixed, Traditional and Market

None of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What kind of economies allow citizens to own property?

Market and Command

Mixed and Market

no econmomic system

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What kind of economy allows the government to decide what should be produced?

Mixed

Traditional

Command

Market

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What kind of economy encourages competition between companies?

Command

Market

Traditional

All of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What kind of economy allows the government to set wages?

Traditional

Command

Market

None of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What kind of economy does the USA have?

Command, leaning toward Communism

Traditional, leaning toward command

Mixed, leaning toward a free market

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