Business Insider

Business Insider

6th - 8th Grade

11 Qs

quiz-placeholder

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Business Insider

Business Insider

Assessment

Quiz

Business

6th - 8th Grade

Hard

Created by

maseti zizipho

Used 3+ times

FREE Resource

11 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

20 sec • 1 pt

— is a system that a country chooses to allocate its resources and distribute its goods and services.

2.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

Which economic system has this characteristic, People are not allowed to own property.

Market economy

Global markets

Planned economy

Mixed economy

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A mixture of private and government control of the economy is known as the…..

Mixed equilibrium

Agreement on the terms

Mixed economy

Mixture of economies

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

….. refers to how economies of other countries have become interconnected

Foreign exchange

Globalisation

Global economy

Economic globalisation

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In a market economy the aim of making a business is….

To make no profit d

To pay government debts

Let government be in control

To make profit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of one of the following countries use Mixed economy do distribute their Factors of Production

china

Cuba

Zimbabwe

South Africa

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mixed economy …

Adapts easily to changinge

Adapts very late to change

Does not need government intervention

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