Multiple Choice Questions

The proper style for an argumentative essay is _____.
  • command economy.
  • 1 & 4
  • for regulation.
  • formal
In a competitive market, an electronics company releases a smartphone that is much faster than older models. This is an example of
  • make an economic prediction.
  • shipping
  • creating an innovative product.
  • predictions
What role do government agencies play in a mixed market economy?
  • 1, 3, 4, & 6
  • They regulate some aspects of production and distribution.
  • for regulation.
  • Consumers have a choice between two bakeries in a single city block.
A pure market economy is sometimes called pure _________.
  • for regulation.
  • capitalism
  • formal
  • predictions
What are the cons of a mixed market economy for most citizens? CHECK ALL THAT APPLY.
  • 1, 3, 4, & 6
  • 1, 3, & 5
  • command economy.
  • predictions
Which situation best reflects the concept of free enterprise?
  • Consumers have a choice between two bakeries in a single city block.
  • command economy.
  • formal
  • They regulate some aspects of production and distribution.
In a republic, elected officials create _______ to regulate the economy.
  • formal
  • command economy.
  • laws
  • makes some economic decisions.
In the free-enterprise system of the United States, the government
  • make an economic prediction.
  • laws
  • makes some economic decisions.
  • command economy.
New technology in ______ allows producers to use materials from all over the world to manufacture goods.
  • shipping
  • predictions
  • 1, 3, 4, & 6
  • 1, 3, & 5
This graph could help the US government
  • command economy.
  • They regulate some aspects of production and distribution.
  • make an economic prediction.
  • creating an innovative product.
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Multiple Choice Questions
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