Economic Questions Quiz

Economic Questions Quiz

10th Grade

36 Qs

quiz-placeholder

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Economic Questions Quiz

Economic Questions Quiz

Assessment

Quiz

Life Skills

10th Grade

Practice Problem

Medium

Created by

Bob Schorr

Used 32+ times

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36 questions

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1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which three economic questions must a nation answer when deciding how to use its limited resources?

What goods and services should be produced?

How should the goods and services be produced?

For whom should the goods and services be produced?

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What defines a nation's economic system?

The way they answer the three economic questions

The amount of resources they have

The population size

The level of technology

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT one of the three economic questions?

What goods and services should be produced?

How should the goods and services be produced?

When should the goods and services be produced?

For whom should the goods and services be produced?

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Into how many broad categories have economists classified economic systems?

Two

Three

Four

Five

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT one of the broad categories of economic systems classified by economists?

Traditional Economies

Market Economies

Command Economies

Mixed Economies

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a broad category of economic systems classified by economists?

Mixed Economies

Traditional Economies

Socialist Economies

Capitalist Economies

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In traditional economies, what factors determine the answers to the questions of what, how, and for whom to produce?

Government policies

Market demand

Traditions and rituals

Technological advancements

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