EMS Grade 9
Quiz
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Others
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9th Grade
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Practice Problem
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Medium
karabo bapela
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10 questions
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1.
MULTIPLE SELECT QUESTION
30 sec • 2 pts
A system that determines how resources, factors of production are allocated and used in production to satisfy the needs and wants in a country,
Economy
Economic system
Economic
Planned economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Is responsible for making all the economic decision
Planned economy
Market economy
Mixed economy
Economic system
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a market economy prices are determined by demand and supply
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The economic decisions are made by both the government and private sector
Market economy
Planned economy
Government
Mixed economy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The four factors production are skilled workers , capital, natural resources, entrepreneurship
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A flow of all goods and services in an economy
Economic system
Economy
Circular flow
Households
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Are in charge of the factors of production
Businesses
Households
Government
Factor market
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