Econ Systems & Market Forces

Econ Systems & Market Forces

9th Grade

9 Qs

quiz-placeholder

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Econ Systems & Market Forces

Econ Systems & Market Forces

Assessment

Quiz

Geography

9th Grade

Hard

Created by

Noah Burrows

Used 8+ times

FREE Resource

9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary force that determines the distribution of goods and services in a free enterprise system?

Government regulations

Consumer demand

Central planning

Tradition

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What characterizes a market economy?

Central planning by the government

Distribution based on tradition

Supply and demand determining prices and distribution

Equal distribution of goods to all citizens

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key feature of a traditional economy?

High levels of government intervention

Decisions made based on customs and traditions

Free market competition

Central planning by a communist party

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are prices determined in a free enterprise system?

By the government

Through central planning

By supply and demand

Based on tradition

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a command economy, who decides what goods and services are produced?

Individual consumers

The market

The government or central authority

Traditional leaders

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of competition in a free enterprise system?

It is discouraged by the government.

It does not exist.

It drives innovation and keeps prices down.

It is regulated by traditional customs.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which agricultural practice is most likely to be found in a community focused on meeting its own food needs rather than generating profit?

Commercial agriculture

Subsistence agriculture

Industrial farming

Biodynamic farming

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the scale of production in subsistence agriculture compare to that of commercial agriculture?

Subsistence agriculture produces more goods for international trade.

Commercial agriculture focuses on local consumption rather than export.

Subsistence agriculture aims to meet the needs of the local community, while commercial agriculture targets larger markets.

There is no significant difference in the scale of production between the two.

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a primary difference between cottage industries and commercial industries in terms of labor?

Cottage industries primarily employ family members, while commercial industries rely on a larger workforce.

Commercial industries use only skilled labor, whereas cottage industries do not.

Cottage industries have a higher labor cost than commercial industries.

There is no significant difference in the type of labor used by both.