SS 7 CG 3 15

Quiz
•
Social Studies
•
7th Grade
•
Hard
John Robinson
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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
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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