
Economics Unit Review
Quiz
•
Business
•
9th Grade
•
Practice Problem
•
Medium
LEIGH ANN DAWSON
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of an economy?
A system of government
A way a nation uses resources to meet needs and wants
A method of communication
A type of business organization
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not one of the three basic economic questions?
What should be produced?
How should it be produced?
Where should it be sold?
For whom should it be produced?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics is the study of:
Weather patterns
Political systems
Production, distribution, and consumption
Historical events
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which philosopher is credited with early economic thought?
Plato
Hesiod
Socrates
Aristotle
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A traditional economy is based on:
Government control
Consumer demand
Habits and rituals
Technology
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a market economy, who answers the three basic economic questions?
Government
Religious leaders
Consumers and businesses
Military
7.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
Which country is an example of a command economy?
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