The Big Three Questions

The Big Three Questions

7th Grade

65 Qs

quiz-placeholder

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The Big Three Questions

The Big Three Questions

Assessment

Quiz

Social Studies

7th Grade

Hard

Created by

Anthony Brown

Used 2+ times

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65 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Every economic system in the world, past and present, has to answer these three questions: What to produce? (How did economists answer this question?)

By analyzing consumer needs and available resources

By following government orders only

By producing everything equally

By ignoring market demand

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Every economic system in the world, past and present, has to answer these three questions: For whom to produce it?

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who owns the factors of production?

Individuals

The government

Both individuals and the government

No one

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The big three questions are:

Who am I? Where am I? Why am I here?

What is the capital of France?

How many continents are there?

What is the speed of light?

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One of the 4 different economic systems is _________

Traditional

Democratic

Feudal

Technological

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One of the 4 different economic systems is _________

Command/Socialism

Barter/Exchange

Feudalism

Gift Economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One of the 4 different economic systems is _________

Capitalism/Free Market

Feudalism

Barter System

Mercantilism

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