Economics (North Carolina Social Studies - 7th Grade) Question Preview (ID: 17865)


Economics (North Carolina Social Studies - 7th Grade) More At Http://ncss2014.weebly.com. Review Games - History Games For NC 7 Final Exam (common Exam, Msl). Mr. D @mrdncss.

What economy is based on survival?
a) Mixed
b) Traditional
c) Free
d) Command

If Zombie apocalypse occurs, then what would best describe the world's economy?
a) Free Market
b) Command
c) Mixed
d) Traditional

Which is the most common type of Economy?
a) Command
b) Free
c) Mixed
d) Traditional

Which of the following is NOT a characteristic of a Mixed Economy?
a) Competition
b) Private Sector where individuals make choices
c) No Profits
d) Less gov't than Command, but more than free

Which of the following is an incorrect match?
a) North Korea = Mixed Economy
b) USA = Mixed Economy
c) Cuba = Communism
d) Australia = Capitalism

Which of the following is NOT a characteristic of a Free Market Economy?
a) Little Gov't Involvement
b) Profit Driven (make $$$)
c) Competition
d) gov't makes all decisions

Which of the following is NOT a characteristic of a Free Market Economy?
a) Little Gov't Involvement
b) Profit Driven (make $$$)
c) Individuals have choice
d) gov't owns property

Which of the following is NOT a characteristic of a Command Economy?
a) No Profits
b) No Competition
c) Competition
d) lots of gov't involvement

Which of the following is NOT a characteristic of a Command Economy?
a) lots of gov't involvement
b) Profit Driven (make $$$)
c) gov't makes all decisions
d) gov't owns property

What is the main difference between economies?
a) Amount of Gov't invovlement
b) Amount of competition
c) amount of people
d) amount of religion

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