Ecconmics

Ecconmics

7th Grade

18 Qs

quiz-placeholder

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Ecconmics

Ecconmics

Assessment

Quiz

Social Studies

7th Grade

Practice Problem

Medium

Created by

Elizabeth Simpson

Used 58+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Government control of industry.

Captalism

Socialism

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the economic system where the means of production are privately owned?

Communism

Capitalism

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which economic system does the government play a minimal role?

Capitalism

Socialism

4.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

The U.S government has increased its influence on the economy by

imposing taxes.
creating government agencies.
creating laws.
All of the above.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system is characterized by collective ownership of resources?

Capitalism

Socialism

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role does the government play in a mixed economy?

No role

Limited role

Significant role

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of a mixed economy?

A mixed economy is an economic system that combines elements of both capitalism and socialism.

A mixed economy is an economic system that combines elements of both feudalism and socialism.



A mixed economy is an economic system that combines elements of both communism and capitalism.

A mixed economy is an economic system that combines elements of both monarchy and socialism.

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