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SS7E7-SEA Economic Systems

Authored by Kimberly Adcock

Social Studies

7th Grade

Used 31+ times

SS7E7-SEA Economic Systems
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35 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do most countries fall somewhere between a market and a command economy?

Some government control has never been successful.

Government control always makes a market economy more profitable.

Most consumers prefer government control to free market.

Most countries have found they need a mix of free market and government control to be successful.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a command economy, economic decisions are made by the

consumers.

market.

government.

producers.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economy does North Korea have?

Market

Command

Market

Mixed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The economies of China, India, and Japan can all best be described as:

traditional

market

command

mixed

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country's economy has grown steadily since WWII ended?

China

India

Japan

North Korea

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the freest economy we have been studying?

China

India

Japan

South Korea

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who has the largeset and fastest growing economy in the world?

China

India

South Korea

Japan

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