
Econ Systems
Authored by Katelynne Michael
Business
11th Grade
Used 1+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
In a pure market economy, who owns all the resources?
The government
Private firms
Private individuals
Non-profit organizations
2.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
What is are major problems with pure market economies?
No public goods
High levels of government intervention
Economic fluctuations
Consumers have low priority
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
In a pure command economy, who controls all production?
The government
Non-profit organizations
Private firms
Individual entrepreneurs
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is a characteristic of a mixed economy?
No private firms
All resources owned by the government
Higher standards of living
No government intervention
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is privatization in the context of a transitional economy?
Converting government entities to private enterprises
Eliminating all forms of private ownership
Converting private enterprises to government entities
Increasing government control over private firms
6.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
Which of the following are problems with command economies?
No role for entrepreneurs
Efficient resource allocation
Central planning can be inefficient
High consumer priority
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
In a traditional economy, what largely shapes economic activities?
Technological innovation
Custom or religion
Market competition
Government policies
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
10 questions
ENTREPRENEURIAL COMPETENCIES
Quiz
•
11th Grade
10 questions
Primary/Secondary Data Sources for Market Research
Quiz
•
11th - 12th Grade
12 questions
4.7 International Marketing
Quiz
•
11th - 12th Grade
10 questions
INTRODUCTION TO BUSINESS
Quiz
•
11th Grade
10 questions
Management Theories
Quiz
•
7th Grade - University
10 questions
Sources of finance
Quiz
•
11th - 12th Grade
10 questions
Chp. 3: Size of Business - AS Level
Quiz
•
11th - 12th Grade
11 questions
Startup Funding
Quiz
•
10th - 12th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade