
Chapter 13 Quiz #1 PF
Quiz
•
Mathematics
•
12th Grade
•
Hard
+4
Standards-aligned
William Dawson
Used 4+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is specialization?
It's when a person chooses to specialize in one career field but it ends up harming their economy.
It's when a capitalist nation decides to focus its efforts on producing only 7 types of services.
It's when a country focuses its efforts on producing a limited variety of goods or services.
It's when an economy is completely self-sustaining.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An extreme result of free-market capitalism without government regulation is referred to as . . .
A monoploy
Capitalism
Socialism
A mixed economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Whether a country is developed or developing depends on . . .
The age of their country and when their economy plans to retire
The country's per capita income, standard of living, technology, education, personal freedom and poverty level
The amount of native people living in the country at the time of development
Their overall population and how quickly their country is currently growing
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_____________ never really works for an economy because there's little innovation and no reward for starting a business, as well as an unmotivated labor force because workers are often assigned jobs.
Capitalism
Socialism
Market economy
Monopoly
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Socialism is an example of a ____________ economy where the _____________ is/are at the center.
Market; people
Free; monopoly
Specialized; market
Command; government
Tags
CCSS.RI.11-12.5
CCSS.RI.6.5
CCSS.RI.7.5
CCSS.RI.8.5
CCSS.RI.9-10.5
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_______________ is the science of the whole economy, while is the study of people, individual businesses, or markets.
Global economics; microeconomics
Macroeconomics; global economics
Macroeconomics; microeconomics
Microeconomics; macroeconomics
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The U.S. is mostly a . . .
Focused economy
Free market
Demand
GDP
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