WH OC 6 Economic Exchanges & Networks

WH OC 6 Economic Exchanges & Networks

9th Grade

41 Qs

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WH OC 6 Economic Exchanges & Networks

WH OC 6 Economic Exchanges & Networks

Assessment

Quiz

Social Studies

9th Grade

Practice Problem

Medium

Created by

Cynthia Apantenco

Used 43+ times

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41 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What was the first economic system to exist?

Barter

Command

Market

Mixed

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What was the first economic system used during the Triangular Trade?

Barter

Command

Market

Mixed

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Example: A company produces what the government wants them to.

Barter

Command

Market

Mixed

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How was a market economy necessary to begin the Industrial Revolution?

Businesses worked together to make goods with one another

The govt controlled everything

Businesses competed to make low costing (cheap) goods

Govt oversight over bad work conditions

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Why did society change from a barter economy to a market economy?

Govts wanted to control the economy

Higher wages for employees

Currency (money) made purchasing goods easier

6.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Why was Great Britain the country that began the Industrial Revolution? (multiple select)

Country was wealthy and able to pay for builds and machinery

They had a big labor force looking for jobs

Lots of natural resources (like coal and iron)

7.

MULTIPLE SELECT QUESTION

1 min • 1 pt

What natural resources were necessary to begin the First Industrial Revolution? (select 2)

Coal

Iron

Steel

Phosphorus

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