Economics Part 2

Economics Part 2

11th Grade

25 Qs

quiz-placeholder

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Economics Part 2

Economics Part 2

Assessment

Quiz

Business

11th Grade

Hard

Created by

Kurtis Tatkenhorst

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25 questions

Show all answers

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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