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SWA Economics Test Review

Authored by Jamie Mitcham

Social Studies

7th Grade

Used 42+ times

SWA Economics Test Review
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29 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the biggest factor or factors affecting the answers to the three economic questions in a command economy?

supply and demand

customs and traditions

government planning

competition

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the biggest factor or factors affecting the answers to the three economic questions in a traditional economy?

supply and demand

government planning

traditions and customs

GDP

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the biggest factor or factors affecting the answers to the three economic questions in a market economy?

supply and demand

government planning

traditions and customs

GDP

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In Hashim’s country the government makes most of the economic decisions and consumer choice and entrepreneurship is limited. The economic system in Hashim’s country is most likely 

Market

Command

Traditional

Autocratic

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which type of economy is the government most likely to set production quotas for certain goods?

traditional

Market

command

mixed

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which type of economy are producers least likely to produce a surplus of goods?

traditional

Market

command

mixed

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mixed economy is a combination of......

traditional and market

market and command

command and traditional

autocratic and democratic

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