(ESL) Unit 5: Economic Systems Test Corrections

(ESL) Unit 5: Economic Systems Test Corrections

9th Grade

15 Qs

quiz-placeholder

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(ESL) Unit 5: Economic Systems Test Corrections

(ESL) Unit 5: Economic Systems Test Corrections

Assessment

Quiz

Social Studies

9th Grade

Hard

Created by

Silviano Rivera

Used 7+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main economic activity in a traditional economy?

Farming

Manufacturing

Trading

Investing

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system is characterized by the government owning and controlling the factors of production?

Subsistence Agriculture

Command Economy

Free Market Economy

Cottage Industry

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which economic system do people own and control the factors of production?

Socialism

Commercial Agriculture

Capitalism

Traditional Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the quantity and availability of something?

Supply

Demand

Scarcity

Profits

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who determines the economic factors in a command economy?

The Government

The Consumers

The Producers

The Market

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for having a limited supply of something?

Supply

Demand

Scarcity

Profits

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the people who buy products?

Producers

Consumers

Suppliers

Distributors

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