Economics Quiz

Economics Quiz

9th Grade

34 Qs

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Economics Quiz

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Assessment

Quiz

Social Studies

9th Grade

Medium

Created by

Magdalena Willis

Used 6+ times

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34 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Economics primarily concerned with?

Study of historical financial systems

Study of political systems and government policies

Study of the production, distribution, and consumption of goods and services

Study of human behavior in isolation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economics also involves the study of:

The choices people make to satisfy their wants and needs with an unlimited supply of resources

The interaction between different animal species in an ecosystem

The choices people make to satisfy their wants and needs with a limited supply of resources

The development of computer algorithms for efficient resource management

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is another name for a Free Market economy?

Socialist Economy

Command Economy

Capitalist Economy

Mixed Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements is true about the Free Market economy?

It is always just and equitable.

It is controlled by public owners or the state.

It is highly efficient but not always just or equitable.

It does not allow voluntary trades in markets.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is considered a pro of a Free Market Economy?

Poor working conditions

Monopolies

More freedom for individuals

Little to no government interference

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is another name for a Centrally Planned Economy?

Market Economy

Mixed Economy

Command Economy

Traditional Economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is in charge of deciding what is made and consumed in a Command Economy?

Private companies

Consumers

Government

Foreign investors

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