Social 30-2 Economic systems

Quiz
•
Social Studies
•
12th Grade
•
Hard
Rita L'Heureux
Used 79+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False?
Governments decide which economic system will best address the economic needs of their citizens.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False?
There is only understanding on how to define economic equality.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system exists to solve the problems of __________ and choice.
inequality
scarcity
self-interest
competition
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False?
Economic values of collectivism and individualism are similar and both try to meet the needs of the people in the same way.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system where the government decides what & how goods are produced as well as to whom they will be sold to is:
mixed
free-market
centrally planned
laissez-faire
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following is/are characteristics of a mixed economy? (select all that apply)
government is involved with how goods are produced
individual are involved with how goods are produced
both government & individuals decide what should be produced
government provides a social safety net
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system values equality of opportunity?
free-market
command
centrally planned
mixed
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