Economics Quiz Review (SS9) Question Preview (ID: 51294)
For Economics Quiz.
TEACHERS: click here for quick copy question ID numbers.
Where does a Free Market Economy fall on the economic Spectrum?
a) Left
b) Middle
c) Right
d) On top
Which of the following would not be considered labour in our factors of production?
a) A factory worker
b) the accountant for the factory
c) The cleaning service for the factory
d) The factory machines.
What are factors of production?
a) A person who purchases goods and services for personal use
b) An economic term that describes the inputs that are used in the production of goods or services
c) How you solve the problem of limited resources and unlimited wants
d) Limited resources with unlimited wants
Which of the following is a good?
a) dog walking
b) dog grooming
c) a dog leash
d) doggy daycare
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.
The three factors of production are:
a) Land, Labour and Capital
b) Land, Labour and Education
c) Labour, Resources and Scarcity
d) Free Market, Command and mixed Economies
The economic term 'scarcity' is based on the idea of:
a) recession proof investments
b) diminished returns
c) limited resources
d) price inflation
Which type of economy is completely controlled by the government?
a) Free Market Economy
b) Command Economy
c) Mixed Economy
d)
What economic system does the United States have?
a) Free Market Economy
b) Command Economy
c) Mixed Economy
d)
Where does a Command Economy fall on the economic spectrum
a) left
b) Right
c) Middle
d) Under
Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 51294 in the upper right hand corner or click here.
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 51294 in the upper right hand corner or click here.
TEACHERS / EDUCATORS
Log In | Sign Up / Register
Log In | Sign Up / Register