SWA Econ Quiz 2024

SWA Econ Quiz 2024

7th Grade

12 Qs

quiz-placeholder

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SWA Econ Quiz 2024

SWA Econ Quiz 2024

Assessment

Quiz

Social Studies

7th Grade

Easy

Created by

Noah Prince

Used 7+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Land, labor, capital, and entrepreneurship are

the basis of employment.

the results of production.

factors of production.

results of supply and demand.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

This map is depicting which international economic organization?

CAFTA

EU

NAFTA

OPEC

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this type of economic system, the government controls all aspects of the economy and makes all decisions about

what goods will be produced, who will produce them, and how they will be produced.

command

market

mixed

traditional

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this type of economic system, the production of goods and services is controlled solely by the concept of supply

and demand, businesses are operated for profit, and the government is not involved.

command

communism

market

mixed

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When determining standard of living in a country, which indicator will be the most practical and reliable?

GDP

per capita GDP

unemployment rate

unemployment rate per capita

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which Middle Eastern country would you expect to have an economy that is more market-based than command-

based?

Iran

Japan

Israel

Saudi Arabia

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is the name for a category of trade

barriers that a country may impose on

another country or countries.

Sanction

Tariff

Export

Quota

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