Econ final

Econ final

12th Grade

•

60 Qs

quiz-placeholder

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Econ final

Econ final

Assessment

Quiz

•

Social Studies

•

12th Grade

•

Hard

Created by

Lloyd Chaffey

Used 1+ times

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60 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this type of economy, the people decide the supply, demand, and price.  

Market 
Traditional
Command 
Mixed

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

This type of economy is passed down through family traditions. They learn from their parents. 

Traditional 
Market 
Mixed 
Command 

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy has central ownership, the government, and lack of individual choice?

Market

Mixed

Command

Traditional

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy is usually paired with a Communist government?

Mixed
Market
Command
Traditional

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Capitalism is in what type of economy?

Traditional

Command

Market

Authortarian

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following are markets involved in the circular flow model?

Factor Market and Resource Market
Labor Market and Product Market
Factor Market and Product Market
Resource Market and Labor Market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which two groups of people are represented in the circular flow model?

Buyers and Sellers
Producers and Consumers
Government and Private Individuals
Households and Businesses

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