What type of economy does the United States have?
Understanding the U.S. Economy

Interactive Video
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History
•
8th Grade
•
Medium

C Matanyi
Used 3+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Market economy
Mixed economy
Command economy
Traditional economy
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a market?
A place where only digital goods are sold
A place where buyers and sellers exchange stocks
A place where buyers and sellers come together to exchange goods and services
A government-controlled area for trade
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is scarcity?
The limited nature of resources to fulfill unlimited wants
The government's control over resources
The unlimited availability of goods
The abundance of resources
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What are the three main types of productive resources?
Natural resources, capital resources, and human resources
Water, air, and land
Machinery, buildings, and technology
Labor, corporations, and governments
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the primary goal of a command economy?
To allow market forces to determine production and prices
To eliminate private property and redistribute wealth equally
To have the government make all decisions regarding the economy
To ensure that natural resources are preserved for future generations
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How does inflation affect the purchasing power of money?
It increases the purchasing power of money
It has no effect on the purchasing power of money
It decreases the purchasing power of money
It initially decreases then increases the purchasing power of money
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What role do entrepreneurs play in an economy?
They primarily provide funding to government projects
They regulate the market to ensure fair competition
They create jobs and innovate, driving economic growth
They focus on importing goods to balance trade
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