Unit 6 Summative - Economies in Europe

Unit 6 Summative - Economies in Europe

18 Qs

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Unit 6 Summative - Economies in Europe

Unit 6 Summative - Economies in Europe

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Shanna Jackson

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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What are the 3 economic questions that every country must answer?

a. what to produce, what to sell, how to sell
b. for whom to produce, how to produce, what natural resources is used
c. what to produce, how to produce, for whom to produce
d. what capital goods is used, what business name is created, what goods/services sold

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Traditional economic systems rely on ____.

a. currency (money)
b. supply and demand
c. bartering
d. government control

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

In a _____ economy, the government regulates all the country's economic decisions.

a. traditional
b. market
c. command
d. mixed

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

In a _____ economy, goods and services produced are determined by what consumers want to buy and what produces want to sell.

a. traditional
b. market
c. command
d. mixed

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Mixed economies are a combination of _____ and ____ economy systems.

a. traditional & command
b. command & market
c. market & traditional

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Most European countries have _____ economies.

a. traditional
b. market
c. command
d. mixed

7.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

The United Kingdom's mixed economy is very close to a pure ____ economy.

a. command
b. market
c. traditional

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