FINAL EXAM IN CONTEMPORARY WORLD

FINAL EXAM IN CONTEMPORARY WORLD

University

50 Qs

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FINAL EXAM IN CONTEMPORARY WORLD

FINAL EXAM IN CONTEMPORARY WORLD

Assessment

Quiz

Social Studies

University

Practice Problem

Medium

Created by

Wilbert Letriro

Used 46+ times

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50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is an organized way in which a country allocates resources and distributes goods and services across the nation.

Economy

Economist

Economic System

Barter System

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is a traditional economic system where people traded goods.

Economy

Economist

Economic System

Barter System

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It includes the combination of several entities, institutions, agencies, decision-making processes and patterns of consumption

Economy

Economist

Economic System

Barter System

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is a type of economic system based on the culture or customs of a particular group.

Command Economy

Market Economy

Mixed Economy

Traditional Economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is a type of economic system where the government answers the questions of production and other economic questions.

Command Economy

Market Economy

Mixed Economy

Traditional Economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is a type of economic system where there is no regulation coming from the government and individuals have control of everything.

Command Economy

Market Economy

Mixed Economy

Traditional Economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is a type of economic system which is determined partly by the purchasing power of the people and partly by government preference.

Command Economy

Market Economy

Mixed Economy

Traditional Economy

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