Economics & Types of Government

Economics & Types of Government

9th Grade

15 Qs

quiz-placeholder

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Economics & Types of Government

Economics & Types of Government

Assessment

Quiz

Geography

9th Grade

Practice Problem

Medium

Created by

Teagan Graves

Used 4+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In a free enterprise/capitalistic economy, ___________ and producers decide what goods are produced, consumed and distributed.

The government

CEO's

Producers

Consumers

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The headline below displays elements of what type of economy?

Communist

Command

Mixed

Free Enterprise

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Identify the three major types of economies practiced around the world (in theory). Use the most current names.

Free Market, Capitalism, Free Enterprise

Mixed, Socialist, Communist

Free Market, Mixed Economy, Command Economy

Producers, Consumers, Suppliers

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What type of economy is the basis for the one found in the United States?

Socialist

Command

Mixed

Free Market/Free Enterprise

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A key principle of the economic theory of communism is

(In communism the government decides what will be bought, sold, and produced) (EXTREME government intervention)

Privatization of business to promote growth

Competition between producers for a profit

Government ownership of the factors of production and distribution

Following the traditions of ancestors

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A purely free market/free enterprise economic system

Does not exist among developed countries, as there is some level of government involvement in market rules/regulations

Will consistently produce the highest quality, lowest priced goods and services

Allows for the lowest level of choice amongst consumers

Involves market choices that are entirely between consumers, producers, and the government

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Cuba is a communist one-party state, which type of economy would you expect them to have?

Free Market - because goods and services are free

Mixed - because the people and the government decide what is produced and consumed

Command - because the government completely controls what goods and services are produced and consumed

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