What is the main characteristic of a capitalist economic system?

Economics and Financial Literacy Quiz Gr 9

Quiz
•
Business
•
9th Grade
•
Medium
Deon Strydom
Used 1+ times
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Government control of all industries
Private ownership of businesses
Equal distribution of resources
Centralized planning by the government
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a socialist economy, who primarily owns the resources?
Individuals
The government
Corporations
Foreign investors
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a primary sector activity?
Teaching
Banking
Farming
Manufacturing
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main function of the tertiary sector?
Extract raw materials
Provide services
Manufacture goods
Develop technology
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for a government's plan for revenue and spending over a year?
Trade policy
Budget
Tax plan
Investment strategy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step in creating a personal budget?
List fixed expenses
List variable expenses
Calculate income
Apply for credit
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a fixed expense?
Groceries
Rent
Entertainment
Electricity
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