Economic Test 1

Economic Test 1

9th - 12th Grade

33 Qs

quiz-placeholder

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Economic Test 1

Economic Test 1

Assessment

Quiz

Other

9th - 12th Grade

Easy

Created by

Zalbert Palma

Used 1+ times

FREE Resource

33 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Who wrote The Wealth of Nations?

Karl Marx
John Locke
Thomas Hobbes
Adam Smith

2.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Who used his resources wisely to make gunpowder for President Jefferson?

John Adams

E. I. du Pont

Pierre Samuel du Pont

Adam Smith

3.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

What type of economy is directed by customs and habits?

traditional economy

free market economy

command economy

mixed economy

4.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

What type of economy is directed by government?

traditional economy

free market economy

command economy

mixed economy

5.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

What type of economy is directed by an "invisible hand"?

traditional economy

free market economy

command economy

mixed economy

6.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

What type of economy would a Communist-controlled country have?

traditional economy

free market economy

command economy

mixed economy

7.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

What type of good is a forklift that is used to transport imported goods within a warehouse?

capital

imported

consumer

specialized

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