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Command Economy
Test Description: Command economy questions
Instructions: Answer all questions to get your test result.
1) Which one of these is not one of the three economic questions?
A
Who will make it?
B
For whom will it be made?
C
How will it be made?
D
What to make?
2) Who owns the factors of production in a command economy?
A
the people
B
the government
C
the church
D
businesses
3) What are the factors of production?
A
how much of something is produced
B
the economic questions
C
the final cost of goods and services
D
resources needed to make goods and services
4) What is economic planning in a command economy?
A
making economic plans based off of tradition
B
businesses planning out how to use resources
C
a family planning how to spend their income
D
the government making decisions about an economy
5) In a market economy supply and demand determines which goods and services will be produced, in a command economy how is that decision made?
A
consumers decide what will be produced
B
tradition determines what will be produced
C
the government decides what will be produced
D
supply and demand
6) How are prices set in a command economy?
A
prices are determined by supply and demand
B
everything is free
C
people mostly barter for goods and services
D
the government sets the prices
7) Many ________ economies were command economies.
A
religious
B
democratic
C
modern
D
ancient
8) Which of these would you most likely see in a command economy?
A
producers making what they want
B
a lot of churches
C
a strong ruler making all of the decisions
D
nobody making any decisions
9) Which movie would be a good example of a command economy?
A
Wolf of Wall Street, Wall Street leaders made economic choices
B
Back to the Future, the 1980s gave the government more power
C
Harry Potter, the wizards have their own economy
D
Hunger Games, government decides what each district makes
10) Which modern day country has a command economy?
A
Canada
B
the United States
C
North Korea
D
India
11) Which type of leader would most like a command economy?
A
no leader
B
an absolute monarch
C
an elected president
D
a church official
12) Which type of leader would utilize a command economy?
A
an economist
B
a dictator
C
a religious leader
D
an elected president
*select an answer for all questions
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