
EOC review 2.03
Authored by Michael Galante
Business
9th Grade
Used 3+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which of the following items is found in all economic systems?
Technology
Participants
Subsistence
Dollars
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The most common medium of exchange in modern economic systems is
barter
capital
credit
money
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
One of the reasons that a country needs an economic system is because it
is independent of other nations
has limited wants and needs
has a limited supply of resources
has immigrants from several countries
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which of the following types of economic systems adopts the fewest new ideas and improvements?
Communist command
Socialist command
Market
Traditional
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
In a ______ economy, the government controls the economic system and does not allow private ownership of the means of production and distribution.
traditional
market
socialist command
communist command
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Government owns some basic means of production, but there is private ownership of business under
communism
capitalism
socialism
entrepreneurship
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
In a ______ economy, individuals and businesses own the means of production and distribution with limited government regulation.
market
traditional
socialist command
communist command
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