Economics and Government Systems Quiz

Economics and Government Systems Quiz

7th Grade

32 Qs

quiz-placeholder

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Economics and Government Systems Quiz

Economics and Government Systems Quiz

Assessment

Quiz

History

7th Grade

Medium

Created by

Nicholas Uhl

Used 4+ times

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32 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is a traditional economy?

An economy controlled by the government

An economy where people grow their own food and make their own goods

An economy based on technology and innovation

An economy where decisions are made by the open market

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What does GDP stand for?

Gross Development Product

Gross Domestic Product

Global Domestic Product

General Domestic Product

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which type of government is ruled directly by a king or queen?

Monarchy

Democracy

Autocracy

Theocracy

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is a nonrenewable resource?

A resource that is abundant

A resource that, once used, is gone

A resource that is always available

A resource that can be totally replaced

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is a tariff?

A limit on the amount of a good that can be imported

A tax added to the cost of imported products

A ban on certain imports

A subsidy for exported goods

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is ethnocentrism?

The belief that one's own culture is superior to others

The practice of adopting another culture

The study of different cultures

The integration of multiple cultures

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is a characteristic of a command economy?

Prices are determined by supply and demand

Production is controlled by private businesses

The government makes all economic decisions

There is a high level of competition

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