Exit Pass Factors of Production and Economic Systems
Authored by Brian Feltus
Financial Education
9th - 12th Grade
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system in which decisions are based on a society's customs and survival.
Traditional Economy
Market Economy
Command Economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system in which decisions are made by individuals in voluntary exchange.
Traditional Economy
Market Economy
Command Economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system in which decisions are made by government.
Traditional Economy
Market Economy
Command Economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a factor of production?
Land
Labor
Capital
Money
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who takes the risk of owning and operating a business would be an example of which factor of production?
Land
Labor
Capital
Entrepreneurship
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