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Economics Quiz

Authored by Stephen Adamcik

Geography

6th Grade

Used 4+ times

Economics Quiz
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37 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

What type of economy is based on customs and traditions?

Market economy

Traditional economy

2.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Who controls the economy in a command economy?

The government

Private Business Owners

3.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Which type of economy is based on private ownership and competition?

Market economy

Command economy

4.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

What is a mixed economy?

An economy that mixes free trade with free enterprise.

An economy that blends traditional, market, and command systems

5.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

The United States is most closely associated with which type of economy?

Free enterprise system

Command economy

6.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Which of these is considered a public good?

A smartphone

A public highway

7.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

How are public goods usually paid for?

Taxes

Business investments

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