Economics Test (R)
Authored by MELISSA DYER
others
Used 1+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
52 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Based on the graph, what is the ideal market price?
$5
$10
$7
$3
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is it decided what will be produced in a traditional economy?
Goods that were always produced are still produced
Individuals decide what to produce based on their skills and resources
The goods produced are the ones that the government chooses
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What determines how goods are produced in a command economy?
Goods are produced in the most efficient manner as decided by the government
Production of goods follows the same process that it always has
Individuals can produce goods in any way that they see fit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What determines how goods are produced in a traditional economy?
Goods are produced in the most efficient manner as decided by the government
Production of goods follows the same process that it always has
Individuals can produce goods in any way that they see fit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What determines how goods and resources will be distributed in a command economy?
The government decides how goods and resources are distributed
Goods and resources will go to anyone who is able to buy them
Goods are usually shared or traded among the members of the society
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What determines how goods and resources will be distributed in a traditional economy?
The government decides how goods and resources are distributed
Goods and resources will go to anyone who is able to buy them
Goods are usually shared or traded among the members of the society
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What determines how goods and resources will be distributed in a market economy?
The government decides how goods and resources are distributed
Goods and resources will go to anyone who is able to buy them
Goods are usually shared or traded among the members of the society
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?
