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Unit 5 Review

Authored by Audra R.

History

7th Grade

Used 2+ times

Unit 5 Review
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system is based on historical norms?

Command

Market

Traditional

Mixed

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which economic system does central planning take place?

Command

Market

Traditional

Mixed

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which economic system do producers and consumers rule?

Command

Market

Traditional

Mixed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system is driven by supply and demand?

Command

Market

Traditional

Mixed

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which measurement best indicates the economic growth of a country?

average hourly earnings

the Consumer Price Index

the rate of new employment

per capita Real Gross Domestic Product

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Based on the information in the table, which nation had exports with the greatest value in 2014?

India

Indonesia

South Korea

Spain

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an advantage of an economic system in which all decisions are made by a central government?

People are free to make their own business decisions.

Workers inherit their jobs directly from their parents.

Individuals can earn profits by investing in businesses.

Resources can be used to quickly address an emergency.

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