What Economics System Am I?
11th Grade
•8 Qs
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What Economics System Am I?
Quiz
•
Social Studies
•
11th Grade
•
Medium
Rodney Sink
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8 questions
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1.
DRAG AND DROP QUESTION
1 min • 1 pt
“Our business faces direct competition. There are just so many other companies and new ones enter the market everyday. We spend a great deal of money on advertising to remind our customers how unique we really are.”
(a)2.
DROPDOWN QUESTION
1 min • 1 pt
“If there were a drought our economy would be hit the hardest due to the lack of technology we use in producing our goods.”
(a)3.
DRAG AND DROP QUESTION
1 min • 1 pt
“We know we charge a fair price, just look at our competitors. If they feel it is necessary to lower their prices, then we will too.”
(a)4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
“We may be the only company in town, but the government regulates us, so consumers know they are getting a fair price.”
Market Economy
Mixed Economy
Command Economy
Traditional Economy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
“I’d like to raise my price, but then no one would buy my product.”
Market Economy
Mixed Economy
Command Economy
Traditional Economy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
“Even though there are many flavors of cereal, there are only three of us that produce it.”
Market Economy
Mixed Economy
Command Economy
Traditional Economy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
“Sure, a lot of other companies make what we make, but our community feels that our customs are what is best for us, and only by products made with values in mind.”
Market Economy
Mixed Economy
Command Economy
Traditional Economy
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
“Even though our product is not very scarce, we (the government) are the only producers of it, therefore we can control the supply in the market.”
Market Economy
Mixed Economy
Command Economy
Traditional Economy
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