Standard 5: Economic Decisions and Systems

Standard 5: Economic Decisions and Systems

9th - 12th Grade

15 Qs

quiz-placeholder

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Standard 5: Economic Decisions and Systems

Standard 5: Economic Decisions and Systems

Assessment

Quiz

Professional Development

9th - 12th Grade

Medium

Used 16+ times

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A command economy is when the government is in control.
True
False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following countries has a command economy?
Germany
North Korea
USA

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a command economy, individuals own the businesses.
True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A mixed economy is a combination of traditional and command economies and black markets.
True
False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an economic system characterized by central authority that makes most of the major economic decisions? 
Command Economy
Mixed Economy
Traditional Economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economy does the US have?
Mixed
Traditional
Market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a market economy, ____________ decides what needs to be made.
the producer
the government
the consumer

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