
Section 4: SS7E4
Passage
•
Social Studies
•
7th Grade
•
Hard
Wayground Content
FREE Resource
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What type of economic system is predominant in Turkey?
Pure command economy
Mixed economic system
Predominantly free market
Oil-based economy
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Which sector has the Turkish government prioritized for privatization?
Tourism
Healthcare
Industry and growing sectors
Oil-based sectors
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is the main basis of Saudi Arabia's economy?
Tourism
Oil
Industry
Agriculture
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What do traditional economies rely on to determine what and how to produce goods?
Market demand and supply
Government economic plans
Historical methods and practices
International trade agreements
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
In a command economy, who typically develops the central economic plan?
Independent businesses
The government
Consumers
Foreign investors
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What happens to the price of a product in a market economy when there is an undersupply and high demand?
The price decreases
The price remains stable
The price increases
The product is discontinued
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is the primary factor that drives a market economy?
Government regulations
Traditional customs
Supply and demand
Command decisions
8.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
In which type of economy is the government MOST LIKELY to set production quotas for certain goods?
A command economy
A market economy
A mixed economy
A traditional economy
9.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Generally a "mixed economy" means an economy that
Has both command and market elements
Relies on the use of currency as well as bartering
Relies only on supply and demand to determine production
Has a large industrial sector and a large agricultural sector
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