World Geography 2.2 Learning Check Review

World Geography 2.2 Learning Check Review

11th Grade

20 Qs

quiz-placeholder

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World Geography 2.2 Learning Check Review

World Geography 2.2 Learning Check Review

Assessment

Quiz

Social Studies

11th Grade

Practice Problem

Medium

Created by

Kenneth Schiumo, Jr.

Used 149+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which type of economy is characterized by private ownership of resources and competition in the marketplace?

market economy

planned economy

mixed economy

command economy

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In a free enterprise economy, who determines the prices of goods and services?

Government

Supply and demand

Producers

Consumers

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which type of economy is based on the principle of collective ownership and control of resources?

socialist

anarchist

communist

capitalist

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In a socialist economy, who controls the means of production?

The government

The shareholders

The workers

The state or the community

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which type of economy relies on customs, traditions, and rituals to determine economic activities?

traditional economy

command economy

market economy

mixed economy

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In a traditional economy, how are resources allocated?

Through market forces of supply and demand.

Based on government regulations.

By individual preferences and choices.

Based on customs, traditions, and cultural norms.

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which type of economy is characterized by government ownership and control of resources?

command economy

capitalist economy

mixed economy

market economy

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Microsoft

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