Economic Systems

Interactive Video
•
English
•
9th - 12th Grade
•
Hard
Jake Ebeling
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary role of the economy in a society?
To organize sports events
To manage only the country's currency
To organize production, consumption, and trade of goods
To provide entertainment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which sector is primarily involved in extracting raw materials?
Secondary sector
Primary sector
Quaternary sector
Tertiary sector
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What major change did the agrarian revolution bring about?
Rise of nomadic lifestyles
Decrease in agricultural production
Development of trade networks and population growth
Introduction of digital technology
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a significant outcome of the industrial revolution?
Lower standards of living
Decrease in goods variety
Reduction in factory numbers
Increase in overall productivity and standards of living
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role do labor unions play in the economy?
Decreasing product prices
Improving wages and working conditions
Reducing the number of industries
Promoting private ownership
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system emphasizes private ownership and competition?
Communism
Feudalism
Socialism
Capitalism
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key characteristic of socialism?
Collective ownership of production means
Private ownership of resources
Unregulated market practices
Emphasis on individual profit
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