Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Economics Quiz Review (SS9)
Test Description: For Economics quiz
Instructions: Answer all questions to get your test result.
1) What economic system does the United States have?
A
Command Economy
B
Mixed Economy
C
Free Market Economy
2) Which type of economy is completely controlled by the government?
A
Command Economy
B
Free Market Economy
C
Mixed Economy
3) The economic term 'scarcity' is based on the idea of:
A
recession proof investments
B
diminished returns
C
price inflation
D
limited resources
4) The three factors of production are:
A
Free Market, Command and mixed Economies
B
Labour, Resources and Scarcity
C
Land, Labour and Capital
D
Land, Labour and Education
5) Which of the following is the best example of government intervention in a mixed economy?
A
Workers assuming control over the factories.
B
The privatization of natural gas and electrical suppliers.
C
The distribution of Alberta Health cards for medical services.
D
An entrepreneur donating money to charity.
6) Which of the following is a good?
A
doggy daycare
B
dog walking
C
dog grooming
D
a dog leash
7) What are factors of production?
A
A person who purchases goods and services for personal use
B
How you solve the problem of limited resources and unlimited wants
C
Limited resources with unlimited wants
D
An economic term that describes the inputs that are used in the production of goods or services
8) Which of the following would not be considered labour in our factors of production?
A
The cleaning service for the factory
B
A factory worker
C
The factory machines.
D
the accountant for the factory
9) Where does a Free Market Economy fall on the economic Spectrum?
A
Middle
B
Right
C
Left
D
On top
10) Where does a Command Economy fall on the economic spectrum
A
Under
B
Right
C
left
D
Middle
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?