Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
Give this quiz to my class
Q 1/19
Score 0
According to the production possibilities curve, with the current resources and technology, what does E represent?
45
Insignificant
Inefficient
Improbable
Unattainable
Q 2/19
Score 0
A mixed economy has characteristics of traditional, market, and socialist economies.
45
True
False
19 questions
Q.
According to the production possibilities curve, with the current resources and technology, what does E represent?
1
45 sec
Q.
A mixed economy has characteristics of traditional, market, and socialist economies.
2
45 sec
Q.
There are 3 important characteristics of a market economy. They are...
3
45 sec
Q.
A disadvantage of a mixed economy is that they grow faster than command economies, thus they provide goods and services to those who cannot afford them.
4
45 sec
Q.
Some nations in Latin America, such as Chile and Argentina, are undergoing rapid transitions from isolationism and nationalization to capitalism.
5
45 sec
Q.
Once an economic system is established, what can be done?
6
45 sec
Q.
A free market capitalist system can be organized and run in different ways, as is evident in nations such as Japan, South Korea, Singapore, Taiwan, and Sweden.
7
45 sec
Q.
A vehicle is an example of a non-durable good
8
45 sec
Q.
How is communism different than socialism?
9
45 sec
Q.
Consumers in a free enterprise economy ultimately determine ________ to produce.
10
45 sec
Q.
The role of government in a free market economy includes establishing laws to protect citizens, provide goods and services for citizens, regulate economic activity to preserve competition, and...
11
45 sec
Q.
A capital good is a manufactured good used to produce other goods and services
12
45 sec
Q.
According to the production possibilities curve, with the current resources and technology, what does D represent?
13
45 sec
Q.
According to the production possibilities curve, if the country Alpha chose to produce 40 units of cars, how many units of clothing could it produce?
14
45 sec
Q.
Quality of life = Standard of living
15
45 sec
Q.
The result of a constant opportunity cost is a straight line PPC, which is very uncommon.
16
45 sec
Q.
A can of soup is a...
17
45 sec
Q.
According to the production possibilities curve, if the country Alpha chose to produce 70 units of cars, how many units of clothing could it produce?
18
45 sec
Q.
Scarcity is the fundamental problem of all societies.
