SS 7 CG 3 15

SS 7 CG 3 15

7th Grade

15 Qs

quiz-placeholder

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SS 7 CG 3 15

SS 7 CG 3 15

Assessment

Quiz

Social Studies

7th Grade

Hard

Created by

John Robinson

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

A command economy is characterized by which of the following?

High levels of competition among businesses

Minimal government intervention in economic decisions

Government making all economic decisions

Consumer preferences determining production

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Which of the following best describes a mixed economy?

An economy where all decisions are made by the government.

An economy that operates without any government intervention.

An economy that incorporates elements of both market and command economies.

An economy where decisions are made solely through market forces without any regulation.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Who owns the factors of production in a command economy?

Individual buyers

Private individuals

The state

Individual sellers

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which economic system is based on collective well-being and strengthening the state?

Market economy

Command economy

Capitalism

Socialism

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What provides the incentive to create and work in a market economy?

The state's power

Collective well-being

The potential for profit

Obligatory work on behalf of the state

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does a "Free market" economy imply?

An economy with high government regulation and control over production

An economy free of government regulation, with low taxation, and private ownership of the means of production

An economy where the government owns all means of production and supply

An economy with a focus on equal distribution of resources among citizens

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which economic system is characterized by private individuals owning and controlling most of the factors of production?

Command economy

Communism

Capitalism

Consumerism

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