Marketing Chapter 6.2 Questions

Marketing Chapter 6.2 Questions

9th Grade

•

26 Qs

quiz-placeholder

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Marketing Chapter 6.2 Questions

Marketing Chapter 6.2 Questions

Assessment

Quiz

•

Business

•

9th Grade

•

Practice Problem

•

Hard

Created by

Kyle Wooten

Used 2+ times

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26 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term refers to a system where economic decisions are made largely by the central government?

Market economy

Social democracy

Traditional economy

Command economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economy is characterized by customs, traditions, and beliefs of the community?

Mixed economy

Command economy

Traditional economy

Market economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term describes an economic system that combines elements of both market and command economies?

Social democracy

Traditional economy

Mixed economy

Economic input

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an economic system?

A method to distribute goods and services without rules

An organized way in which a state or nation allocates its resources to create goods and services

A financial plan for a single business

A set of laws governing international trade

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does economic input include?

The profits from selling goods

The resources used to make products

The total amount of money a country has

The services provided by the government

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is economic output?

The amount of money a country owes

The total number of businesses in a country

All of the goods and services produced by an economic system during a specific time

The resources imported from other countries

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a traditional economy primarily characterized by?

High levels of manufacturing and industrial activity

Large urban populations with complex trade systems

Citizens having just enough resources to survive, often with farm-based rural communities

Advanced technology and service-based industries

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