1-3 Economic Systems

1-3 Economic Systems

Professional Development

27 Qs

quiz-placeholder

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1-3 Economic Systems

1-3 Economic Systems

Assessment

Quiz

Business

Professional Development

Easy

What to Produce?

Standards-aligned

Created by

Marian Moore

Used 9+ times

FREE Resource

27 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 5 pts

What are the three economic questions?

Evaluate responses using AI:

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Answer explanation

1. What goods and services will be produced?

2. How will the goods and services be produced?

3. What needs and wants will be satisfied with the goods and services produced?

2.

FILL IN THE BLANK QUESTION

3 mins • 5 pts

Countries have differing types and amounts of _____________ just as individuals

differ in their skills and abilities. (p.17)

Tags

What to Produce?

3.

OPEN ENDED QUESTION

3 mins • 5 pts

Some countries have abundant supplies of oil, coal, and other energy sources, while many countries have only a limited supply. Use the internet to list two countries who have limited supply of oil and a surplus supply of oil.

Evaluate responses using AI:

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

Continue to read the section, "What to Produce?" and answer the following question:

Explain what determines what a country may produce? (p.17)

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5.

FILL IN THE BLANK QUESTION

3 mins • 5 pts

The method a country uses to answer the three economic questions is called ___________ __________.

6.

MULTIPLE CHOICE QUESTION

3 mins • 5 pts

The resources are owned and controlled by the government is known as ________ _______.

market economy

command economy

mixed economy

traditional economy

7.

MULTIPLE CHOICE QUESTION

3 mins • 5 pts

A _____________ is when the economic resources are

owned and controlled by the people of the

country.

market economy

command economy

mixed economy

traditional economy

Answer explanation

The three economic questions

are answered by individuals through buying and selling of goods and services in the

marketplace.

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