
Economic and Government Quiz
Authored by Erick Cervantes
Social Studies
7th Grade
Used 11+ times

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23 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are most modern economies referred to as "mixed" economies?
Poverty is always highest in countries with market economies
Government planners do not know how to handle economic problems
Products made by traditional economies have no markets in the modern world
Most countries have all aspects of three economic types at work in their economies.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which are MOST important in a command economy?
Custom and habit
Government Planners
Consumers and the market
A combination of consumers and government planners
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What describes an official ban on trade with another country?
Tax
Tariff
Quota
Embargo
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Those products a country makes best and are in demand on the world market.
Specialization
Trade Barriers
Tariff
Quota
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anything that slows down or prevents one country from exchanging goods with another.
Trade barriers
Specialization
Human capital
Entrepreneur
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A way of limiting the amount of foreign goods that can come into a country.
Tariff
Quota
Embargo
Currency
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A trade barrier in which one country announces that it will no longer trade with another country in order to isolate and cause problems with that country’s economy.
Tariff
Quota
Embargo
Specialization
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