Economic Systems and Production Techniques
Interactive Video
•
Social Studies
•
9th - 10th Grade
•
Practice Problem
•
Hard
Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which technique is labor used more than machinery?
Traditional
Modern
Labor-intensive
Capital-intensive
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What mainly causes economic problems?
Plenty of resources
Scarcity of resources
Availability of resources
Mismanagement of resources
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who owns the means of production in a capitalist economy?
Government
Cooperatives
Society
Private individuals
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which sector produces goods on a no profit, no loss basis?
Public sector
Cooperative sector
Private sector
Joint sector
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a mixed economy?
An economy with no government intervention
An economy with both public and private sectors
An economy with only private sector
An economy with only public sector
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a labor-intensive technique of production emphasize?
More use of capital
More use of labor
Equal use of labor and capital
Less use of labor
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main challenge in deciding what to produce?
Managing production costs
Finding the right market
Deciding the price of goods
Choosing between consumer and capital goods
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