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Economics Game
Test Description: Economic Forces
Instructions: Answer all questions to get your test result.
1) Economy based on customs and habits of the past.
A
Command
B
Traditonal
C
Market
D
Mixed
2) An economy planned and controlled by the government.
A
Traditional
B
Command
C
Market
D
Mixed
3) An economy where business owners and customers make the economic decisions.
A
mixed
B
traditional
C
command
D
market
4) An economy that is a combination of a market and command economy.
A
traditional
B
command
C
mixed
D
market
5) An investment in education, training, skills, and health of workers.
A
barter
B
physical capital
C
GDP
D
human capital
6) The value of the goods and services produced in a country in a year.
A
physical capital
B
capital goods
C
human capital
D
Gross Domestic Product (GDP)
7) When a country invests in new factories, machinery, and technology, they are investing in what?
A
inheritance
B
physical capital
C
human capital
D
Gross Domestic Product (GDP)
8) Taxes on goods that are imported from another country.
A
quota
B
tariff
C
barter
D
embargo
9) A government ban on trade with a foreign country.
A
embargo
B
tariff
C
quota
D
inheritance
10) A limit on imports that may enter a country.
A
embargo
B
tariff
C
capital goods
D
quota
11) In what type of economy to citizens have the most economic freedoms?
A
traditional
B
mixed market
C
market
D
mixed command
12) In what type of economy would citizens have the least economic freedom?
A
Mixed
B
Command
C
Market
D
Traditional
*select an answer for all questions
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