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Civics Final Review Part 6

Authored by Joshua Domingue

Social Studies

9th Grade

Used 15+ times

Civics Final Review Part 6
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11 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an equilibrium price?

When supply exceeds demand

When demand exceeds supply

When supply and demand points meet

When the market is regulated by the government

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a command economy?

Government makes all economic decisions.

Market forces control the economy.

Businesses make all economic decisions.

Consumers control the economic decisions.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country has recently begun to adopt a free market system?

India

Russia

China

Brazil

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a characteristic of a mixed economy?

No government intervention

Total government control

Business freedom with some government regulations

Market controlled solely by international companies

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an advantage of having a mixed economy over a pure market economy?

Less business freedom

Higher taxes

People have access to publicly funded services

Increased economic inequality

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is seasonal unemployment?

Unemployment due to economic recession

Unemployment when industries shut down permanently

Unemployment when workers are hired and laid off according to seasons

Unemployment due to technological changes

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does education typically affect income?

Higher education leads to lower income

No impact on income

Less education is more likely to be a low-wage earner

More education guarantees wealth

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