Government - Ch. 24 Economic Systems L3 RE Packet Questions

Government - Ch. 24 Economic Systems L3 RE Packet Questions

12th Grade

30 Qs

quiz-placeholder

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Government - Ch. 24 Economic Systems L3 RE Packet Questions

Government - Ch. 24 Economic Systems L3 RE Packet Questions

Assessment

Quiz

History

12th Grade

Medium

Created by

Andy Chang

Used 1+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an entrepreneur?

A government official

A person who starts a new business

A type of economic system

A social service provider

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a mixed economy?

An economy with no government intervention

An economy that combines elements of capitalism and socialism

An economy solely based on agriculture

An economy that only uses barter systems

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do societies decide what should be produced in different economic systems?

By random selection

Through government decisions, market demands, or a combination

By international treaties

By historical precedent

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system allows private citizens to earn profits in free markets?

Communism

Socialism

Capitalism

Feudalism

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of entrepreneurs in a capitalist system?

They are government employees

They take risks to start new businesses

They work only for large corporations

They have no impact on the economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of an invention that could be patented?

A new machine that can pick fresh tomatoes without damaging them

A poem about a sunrise

A popular song

A historical event

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one way Sweden supports new parents?

Pays for parents to be away from their jobs

Provides free housing

Offers free transportation

Gives free groceries

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