Mixed Economy

Mixed Economy

9th Grade

25 Qs

quiz-placeholder

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Mixed Economy

Mixed Economy

Assessment

Quiz

Social Studies

9th Grade

Practice Problem

Hard

Created by

John Robinson

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What type of economy does Canada Have?

Market

Command

Traditional

Mixed

2.

MULTIPLE SELECT QUESTION

1 min • 1 pt

How is a mixed economy better than a market economy? Select all that apply.

If market "fails", the government can put regulations in place

consumers will have more information about the benefits of merit goods

governments can finance the production of public goods

people will realize the benefits of high taxes on demerit goods

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In a market or mixed economy, profit is a motivation for people to work.

True

False

4.

MULTIPLE CHOICE QUESTION

1 min • 10 pts

What is an advantage of a mixed economy?

Citizens own the companies

No freedom of choice

Low government control

High taxes

5.

DROPDOWN QUESTION

1 min • 1 pt

Most countries in the world today have a ​ (a)   economy.

mixed

command

free market

traditional

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Where would a binding price ceiling need to be set in this market?

$1500

$1200

$900

$600

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a mixed economy?

An economy where only the government makes all decisions

An economy where only private individuals make all decisions

An economy that combines elements of both government and private sector involvement

An economy that relies solely on traditional methods

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