
Economics
Quiz by Jason Webb
Feel free to use or edit a copy
includes Teacher and Student dashboards
Measure skillsfrom any curriculum
Measure skills
from any curriculum
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
With a free account, teachers can
- edit the questions
- save a copy for later
- start a class game
- automatically assign follow-up activities based on students’ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet
39 questions
Show answers
- Q1All of the following are characteristics of capitalism except...investing for profitprivate ownership of propertygovernmental control of businessesfree competition30s
- Q2In a pure traditional economy, production and distribution of goods are based on their past customs, practices, and beliefs.FalseTrue30s
- Q3In a socialist economy, some of the means of production are owned bycorporate groupsprivate citizens.the government.the wealthy30s
- Q4All of the following are names for a market economy except for _________________.Quota vs. ShortagesFree EnterpriseLaissez-faireCapitalism30s
- Q5Which best completes the table?MarketTraditionalCommandMixed30s
- Q6A market economy is guided by the concept of supply and demand.TrueFalse30s
- Q7Which statement best describes a defining characteristic of traditional economies?Production is based on cultural customs.Consumer demand determines production levels.Production is mandated by the state.Businesses work with governments to set production goals.30s
- Q8These two countries have slowly changed from a command economy to a mixed economy.Australia & AmericaFinland & CanadaChina & IndiaRussia & China30s
- Q9In what system does the government control all of the means of production, including private property, and make all decisions on how resources are to be used?capitalismcommunismsocialismmercantilism30s
- Q10The United States has a mixed economic system that blends elements of the market system and command system together.TrueFalse30s
- Q11How much money, land and possessions each person gets in a societyeconomic systemdistribution of wealthspecializationcapitalism30s
- Q12People concentrate their efforts in the activities they do bestsupply and demanddistribution of wealtheconomic systemspecialization30s
- Q13How society uses resources to satisfy people's wantsspecializationdistribution of wealtheconomic systemcommunism30s
- Q14Command economic systems are sometimes referred to as a Communist economic system because of its close ties to the type of government it supports.TrueFalse30s
- Q15What is the role of government in a command economy?The government has no role.The government decides all economic activity.Only feudal lord or sovereign is there, no formal government.The government decides some economic activity30s