How do market economies compare to command economies?
SWA Econ Review

Quiz
•
Social Studies
•
7th Grade
•
Medium
John Gerard
Used 34+ times
FREE Resource
34 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Market economies are more efficient than command economies.
Market economies are more regulated than command economies.
Market economies rely more on central planning than command economies.
Market economies strict consumer choices more than command economies.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How do command economies prioritize the interests of people, the government, consumers, and private businesses involved in the economy?
The interests of the people are prioritized over the interests of the government.
The interests of the government are prioritized over the interests of the people.
The interests of consumers are prioritized over the interests of private businesses.
The interests of private businesses are prioritized over the interest of consumers.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Use the continuum to answer the question.
Where would MOST Southwest Asian nations be placed on the continuum?
near point I
between points I and II
between points II and III
near point IV
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What factor or factors direct economic activity in mixed economies?
the changes in the market
decisions made by government leaders
the need to function without the use of currency
influence from both the public and private sectors
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following would make the Saudi Arabian economy more like the Israeli economy?
introducing a minimum wage
expanding the private sector
specializing more heavily in oil production
increasing state control of major industries
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Use the continuum to answer the question.
Where do Israel, Saudi Arabia, and Turkey fall on the economic continuum?
I: Saudi Arabia; II: Turkey; III: Israel
I: Turkey; II: Israel; III: Saudi Arabia
I: Israel; II: Turkey; III: Saudi Arabia
I: Israel; II: Saudi Arabia; III: Turkey
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Use the information to answer the question.
What allows this type of transaction to take place?
Member states of OPEC use the same currency, which allows members of the organization to easily engage in trade.
There is a system for exchanging currencies between the two nations that allows them to engage in trade.
All countries in Southwest Asia use the same currency, which allows nations in the region to easily engage in trade.
There is a system of tariffs and quotas in the two countries that allows them to engage in trade.
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