Economic Systems

Economic Systems

11th Grade

45 Qs

quiz-placeholder

Similar activities

RANKING 1

RANKING 1

7th - 11th Grade

50 Qs

SOAL PAT Food & Beverage Service Kelas 12 SMK Perhotelan

SOAL PAT Food & Beverage Service Kelas 12 SMK Perhotelan

9th - 12th Grade

40 Qs

Quizizz Would You Rather ???

Quizizz Would You Rather ???

1st Grade - Professional Development

40 Qs

PM Kontinental

PM Kontinental

11th Grade

40 Qs

UAS PSPTKR Kelas XI

UAS PSPTKR Kelas XI

11th Grade

50 Qs

ONLINE QUIZ FOR G K MASTER SERIES-2 (04.10.2020)

ONLINE QUIZ FOR G K MASTER SERIES-2 (04.10.2020)

6th - 12th Grade

50 Qs

FFC 11 IPA 1,2,3

FFC 11 IPA 1,2,3

9th - 12th Grade

50 Qs

Economic Systems

Economic Systems

Assessment

Quiz

Other

11th Grade

Practice Problem

Medium

Created by

Solomon van Wyk

Used 2+ times

FREE Resource

AI

Enhance your content in a minute

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

45 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are economic systems?

A set of laws for governing a country

The structure of methods and principles that a society uses to produce and distribute goods and services

A collection of financial institutions

The process of electing political leaders

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a market in economics?

A physical place where goods are sold

A group of buyers and sellers of a good or service and the institution or arrangement by which they come together to trade

A website for online shopping

A government-run system for distributing resources

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does economic freedom refer to in a market system?

The freedom to travel and work in any country.

The freedom to own property, make a profit, and choose what to produce, buy, and sell.

The freedom to vote for any political party.

The freedom to use any type of currency for transactions.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of competition in a market system?

To ensure that all companies make the same amount of profit.

To limit the number of products available in the market.

Companies will strive for a greater share of the market by producing higher quality and more cheaply priced goods.

To enforce government regulations on product quality.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is profit in the context of a market system?

The financial loss incurred in a transaction.

The amount of money invested in a business.

The financial gain made in a transaction.

Selling everything the business owns

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does private property refer to in a market system?

Property owned by the government

Property owned by individuals or companies

Property shared by the public

Property owned by international organizations

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are public goods and services?

Services provided by private companies for individual profit.

Goods and services provided by the government for the use of all people.

Products sold in public markets.

Services offered by non-profit organizations exclusively to members.

Create a free account and access millions of resources

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?