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Economics Quiz

Authored by Jennifer Brymer

Social Studies

6th - 8th Grade

Used 2+ times

Economics Quiz
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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Wealth and resources that a country has

Free Market

Communism

Socialism

Economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A system that allows people to have a say in government decisions while also allowing people economic freedom through their ability to choose

Democracy

Communism

Socialism

Monarchy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The concentration of wealth and means of production in the hands of private individuals.  There is little to no interference from government (laissez-faire). 

Communism

Socialism

Capitalism

Marx

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The government controls economic resources and the means of production within the country.  This system favors the absence of private ownership centering on egalitarian order where all citizens have equal resources which diminishes personal incentive. 

Communism

Socialism

Capitalism

Free Market

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The government has control over the economic resources of the country by using reasonable limits.  This system does allow for forms of private individual ownership as long as it follows regulations that create a fair distribution of resources within the country.

Communism

Socialism

Capitalism

Free Market

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The freedom to make one's own economic choices

Economic Freedom

Living Standards

Communism

Capitalism

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Measure of how well the people of a society are doing

Economy

Living Standards

Socialism

Capitalism

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