Economics Quiz: Economic Systems and Values

Economics Quiz: Economic Systems and Values

10th Grade

10 Qs

quiz-placeholder

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Economics Quiz: Economic Systems and Values

Economics Quiz: Economic Systems and Values

Assessment

Quiz

Moral Science

10th Grade

Medium

Created by

Bill Havranek

Used 3+ times

FREE Resource

10 questions

Show all answers

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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