Economic Decision Making and Critical Thinking

Economic Decision Making and Critical Thinking

Assessment

Passage

Social Studies

9th Grade

Easy

Used 1+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In mixed economies, what role do consumer choices play?

They have no impact

They drive all economic decisions

They drive a lot of economic decision making

They are ignored

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main economic force in both mixed and market economies?

Government intervention

Corporate decisions

Individual choices of consumers

International trade

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the relationship between supply and demand?

They are unrelated

They are inversely related

They connect through a cause-and-effect relationship

They are the same

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the Baker’s Dozen shop specialize in?

Cheap, plentiful doughnuts

Handmade doughnuts

Frozen doughnuts

Vegan doughnuts

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential impact of shop decisions on consumers?

Increased travel time

Changes in product availability and quality

Higher taxes

More advertising

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main goal of the Canadian Wheat Board according to the text?

To increase wheat exports

To protect wheat growers from low prices

To reduce wheat production

To eliminate wheat imports

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one reason a consumer might be persuaded to try a skateboard?

High cost

Peer influence

Limited options

Lack of interest

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