Economic Growth and Development Quiz

Economic Growth and Development Quiz

12th Grade

25 Qs

quiz-placeholder

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Economic Growth and Development Quiz

Economic Growth and Development Quiz

Assessment

Quiz

Social Studies

12th Grade

Easy

Created by

Zachary Aument

Used 1+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What does fiscal policy use to influence the economy?

Government spending and taxation

Private investment and savings

International trade and tariffs

Technological innovation and research

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is a potential consequence of high national debt?

Higher taxes or inflation

Increased foreign investment

Lower interest rates

Greater economic growth

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the definition of a classless society?

A society with strict class distinctions

A society without hierarchical class distinctions

A society with a single ruling class

A society with multiple economic classes

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What does decentralization involve?

Centralizing decision-making authority

Transferring decision-making authority to local levels

Increasing government control

Reducing local governance

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the focus of an ethical economy?

Maximizing profits at any cost

Prioritizing ethical considerations and human dignity

Reducing environmental regulations

Increasing consumer spending

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What does Ownership Equity refer to?

Fair distribution of ownership rights and benefits among all stakeholders.

Resources used to create economic value, such as land, labor, and capital.

The ability of a system or process to expand effectively without losing functionality.

A principle that decisions should be made at the most local level capable of addressing them effectively.

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the focus of a Participatory Economy?

Redistribution of wealth to reduce inequality.

Equitable resource distribution and democratic decision-making.

The networks and relationships that enable collective action and cooperation.

A system where employees own a share of the company.

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