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Unit 8 | WMS | Economics

Authored by Derek Mcvey

Social Studies

7th Grade

Unit 8 | WMS | Economics
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36 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economy is based on supply and demand with little government control?

Traditional Economy
Command Economy
Market Economy
Mixed Economy
None of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economy type operates through strict government control?

Market Economy
Command Economy
Mixed Economy
Traditional Economy
None of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which type of economy do cultural traditions play a significant role?

Mixed Economy
Market Economy
Command Economy
Traditional Economy
None of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of China’s economy is considered market-based?

0.43
0.57
0.7
0.26
0.74

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has China’s approach to farming changed in recent years?

Collective farming
Individual decision-making
State-owned farming
No changes
All of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary reason for Japan’s heavy reliance on trade?

High consumer demand
Lack of natural resources
Government policy
Economic growth
Cultural tradition

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the COVID-19 pandemic affect Japan’s economy?

No impact
Economic growth
Economic shrinkage
Increased trade
Decreased inflation

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