WH OC 6 Economic Exchanges & Networks
Quiz
•
Social Studies
•
9th Grade
•
Practice Problem
•
Medium
Cynthia Apantenco
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41 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What was the first economic system to exist?
Barter
Command
Market
Mixed
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What was the first economic system used during the Triangular Trade?
Barter
Command
Market
Mixed
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Example: A company produces what the government wants them to.
Barter
Command
Market
Mixed
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How was a market economy necessary to begin the Industrial Revolution?
Businesses worked together to make goods with one another
The govt controlled everything
Businesses competed to make low costing (cheap) goods
Govt oversight over bad work conditions
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why did society change from a barter economy to a market economy?
Govts wanted to control the economy
Higher wages for employees
Currency (money) made purchasing goods easier
6.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Why was Great Britain the country that began the Industrial Revolution? (multiple select)
Country was wealthy and able to pay for builds and machinery
They had a big labor force looking for jobs
Lots of natural resources (like coal and iron)
7.
MULTIPLE SELECT QUESTION
1 min • 1 pt
What natural resources were necessary to begin the First Industrial Revolution? (select 2)
Coal
Iron
Steel
Phosphorus
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