
Economics Quiz: Economic Systems and Values
Authored by Bill Havranek
Moral Science
10th Grade
Used 3+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the focus of microeconomics?
Public roads and national defense
National defense and education
The economy as a whole
Individuals and their decisions
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the focus of macroeconomics?
National defense and education
Public roads and national defense
The economy as a whole
Individuals and their decisions
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the three questions that guide the choice of an economic system?
When, where, and for whom to produce
When, where, and why to produce
What, how, and for whom to produce
What, how, and why to produce
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of good is both excludable and rival?
Public goods
Common goods
Club goods
Private goods
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system relies on habit, custom, or ritual to guide the factors of production?
Market economy
Command economy
Traditional economy
Mixed economy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which economic system do consumers guide the factors of production?
Market economy
Command economy
Mixed economy
Traditional economy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the other name for a market economy?
Mixed economy
Capitalist economy
Command economy
Traditional economy
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