What is a market economy primarily characterized by?

Market Economy Concepts and Principles

Interactive Video
•

Amelia Wright
•
Social Studies, Business
•
9th - 12th Grade
•
Hard
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10 questions
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1.
MULTIPLE CHOICE
30 sec • 1 pt
2.
MULTIPLE CHOICE
30 sec • 1 pt
In a market economy, who answers the three basic economic questions?
3.
MULTIPLE CHOICE
30 sec • 1 pt
Which of the following is a key factor in determining prices in a market economy?
4.
MULTIPLE CHOICE
30 sec • 1 pt
What is one advantage of a market economy?
5.
MULTIPLE CHOICE
30 sec • 1 pt
How does a market economy adapt to changes?
6.
MULTIPLE CHOICE
30 sec • 1 pt
What is a disadvantage of a market economy?
7.
MULTIPLE CHOICE
30 sec • 1 pt
Why might a market economy fail?
8.
MULTIPLE CHOICE
30 sec • 1 pt
What role does competition play in a market economy?
9.
MULTIPLE CHOICE
30 sec • 1 pt
Who decides what to produce in a market economy?
10.
MULTIPLE CHOICE
30 sec • 1 pt
What is a key benefit of individual decision-making in a market economy?
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