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Role of Government in Economy

Authored by John Robinson

Social Studies

12th Grade

Role of Government in Economy
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25 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

In this type of economy, the government places control on businesses, but the individual decides what to make. 

Mixed

Market

Command 

Traditional

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

an economy in which government leaders give the answers to the three economic questions

traditional economy

democracy

socialism

command economy

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This economic system is controlled by the government.

Traditional

Command

Market

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

If my government is selling me bread for $5 a loaf, and I have no choice but to buy that type of bread, I live in a _____ economy. 

Traditional 

Market 

Command 

Mixed

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A shared good/service that government builds because it would be impractical for an individual 

private good

public good

military good

market failure

6.

MATCH QUESTION

1 min • 1 pt

Media Image

Match the following

Supporters of government involvement in a problem.

Liberals

the wealth and resources of a country or region in terms of the production and consumption of goods

Conservatives

Believers that the private economic markets can best run the economy.

Economy

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Since the 1880's, the role of government in the United States has ________________.

decreased

been eliminated

increased significantly

had no impact on the economy

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