
Economics Part 2
Authored by Kurtis Tatkenhorst
Business
11th Grade

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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a market economy, who makes the decisions?
The People
The government
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a command economy, who makes the decisions?
The People
The government
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The United States is a
100% Market Economy
100% Command Economy
Mixed Economy- primarily market
Mixed Economy- primarily command
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary type of economic system that North Korea has?
Market Economy
Command Economy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What tells us the total value of all the goods and services that are produced in a country?
Gross Domestic Product (GDP)
Inflation
Unemployment Rate
Federal Reserve Interest Rate
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What tells us the portion of people in the labor force who are not working?
Gross Domestic Product (GDP)
Inflation
Unemployment Rate
Federal Reserve Interest Rate
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What tells us how much prices of goods and services has gone up?
Gross Domestic Product (GDP)
Inflation
Unemployment Rate
Federal Reserve Interest Rate
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