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Authored by John Robinson
Social Studies
12th Grade

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15 questions
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1.
MATCH QUESTION
1 min • 2 pts
Match the economic systems to its characteristics or meaning.
Public and private sectors
Free Market
Centrally owned by the government
Mixed economy
Customs, family, and historical basis
Command economy
Private sector, profit, and minimal gov.
Traditional economy
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This feature of Free Enterprise includes the desire for profit and improving material well-being
Self-Interest
Economic Freedom
Voluntary Exchange
Profit Motive
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the primary characteristic of a free market economy?
Government control
Consumer choice
Fixed pricing
Monopoly
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is a fundamental principle of free enterprise?
Central planning
Government ownership
Private property
State control
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In a free society, which right is considered essential for democracy?
Right to bear arms
Right to free speech
Right to privacy
Right to work
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the term 'free trade' refer to?
Trade without tariffs
Trade with government subsidies
Trade with quotas
Trade with restrictions
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which document famously begins with 'We the People' and emphasizes freedom?
The Magna Carta
The Declaration of Independence
The U.S. Constitution
The Bill of Rights
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