1.1f Economic Systems

1.1f Economic Systems

12th Grade

8 Qs

quiz-placeholder

Similar activities

Piaget intro SENSORIMOTOR

Piaget intro SENSORIMOTOR

11th - 12th Grade

8 Qs

CURRENCY

CURRENCY

1st Grade - University

10 Qs

Media influences on Aggression

Media influences on Aggression

10th - 12th Grade

12 Qs

2/1 Thurs Diversity and Globalization Quiz

2/1 Thurs Diversity and Globalization Quiz

9th - 12th Grade

11 Qs

Good vs Bad Parenting Skills

Good vs Bad Parenting Skills

9th - 12th Grade

10 Qs

Quiz Part 2 JEREMEMIAH

Quiz Part 2 JEREMEMIAH

12th Grade

10 Qs

Voting at 16 Video

Voting at 16 Video

12th Grade

11 Qs

QUIZ NO.1 COMMUNITY ENGAGEMENT

QUIZ NO.1 COMMUNITY ENGAGEMENT

12th Grade

10 Qs

1.1f Economic Systems

1.1f Economic Systems

Assessment

Passage

Social Studies

12th Grade

Practice Problem

Easy

Created by

Richard Quantrill

Used 1+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the video, what are the three things that an economy / country has to figure out to have an economic system?

When to produce, where to produce it, and who gets it

What to produce, how to sell it, and who gets it

What to produce, how to produce it, and who gets it

What to produce, how to distribute it, and who gets it

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a planned economy, who controls the factors of production?

Individuals

International organizations

Businesses

The government

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the concept of the 'invisible hand' in a free market economy?

The government's control over the economy

The influence of consumers (demand) on production (supply)

The power of monopolies in the market

The regulation of prices by the government

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of the government in a free market economy according to the text?

To completely stay out of economic affairs

To regulate all prices and wages

To maintain the rule of law and provide public goods and services

To control all aspects of production

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the circular flow model used to explain in the text?

The process of international trade and financial transactions

The interactions between businesses, individuals, and the government in the economy

The flow of money in the stock market

The distribution of resources in a command economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country is mentioned as an example of a mixed economy in the text?

New Zealand

China

Denmark

North Korea

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the text suggest about the optimal amount of government involvement in an economy?

It should be extensive to ensure complete control over production

It should be equal in all countries to maintain economic stability

It should be minimal to allow for complete free market operations

It depends on personal values and country / societal needs

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?