Multiple Choice Questions

promote free economic choices
  • The citizens of the United States live and work in a
  • A command economy tends to exist under a
  • The goal of a market economy is to
  • The goal of a command economy is to
socialist government that provides a lot of regulation.
  • Which statement best describes a mixed market economy?
  • A command economy tends to exist under a
  • A mixed market economy tends to exist under a
  • Which statement best describes a command economy?
North Korea
  • Which nation has a communist command economy?
  • Which statement best describes a command economy?
  • A mixed market economy tends to exist under a
  • Which nation has a socialist command economy?
Producers and consumers make some economic choices while the government makes others?
  • Which statement best describes a command economy?
  • What is one way a market economy affects the lives of private citizens?
  • Which statement best describes a mixed market economy?
  • What restriction would the government impose in a closed economy?
3,4
  • What is one way a command economy affects the lives of private citizens?
  • What is prohibited in a command economy? CHECK ALL THAT APPLY
  • What is one way a market economy affects the lives of private citizens?
  • What restriction would the government impose in a closed economy?
preserve traditional customs?
  • A command economy tends to exist under a
  • The citizens of the United States live and work in a
  • The goal of a command economy is to
  • The goal of a market economy is to
the state.
  • Which statement best describes a command economy?
  • In a communist command economy, workers are employed by
  • The citizens of the United States live and work in a
  • Which statement best describes a mixed market economy?
The government allows citizens to own private businesses.
  • What restriction would the government impose in a closed economy?
  • What is one way a command economy affects the lives of private citizens?
  • How does the government of a republic typically shape its economy?
  • Which statement best describes a command economy?
Mixed Market Economy
  • In a communist command economy, workers are employed by
  • Which statement best describes a command economy?
  • The citizens of the United States live and work in a
  • Which statement best describes a mixed market economy?
The government determines economic choices and makes most decisions.
  • What restriction would the government impose in a closed economy?
  • Which statement best describes a mixed market economy?
  • Which statement best describes a command economy?
  • How does the government of a republic typically shape its economy?
Read the paragraph below, and then decide which type of economy is being described.In this economy, community members typically use simple tools to plant and harvest crops. Food supplies are supplemented by hunting animals and gathering plant materials. Members trade with each other to obtain needed goods, as few people hold currency. Little economic growth occurs.What type of economy is being described?a traditional economya free market economya mixed-market economya command economy
  • the personal ownership of propertythe influence of consumer demand
  • promote free economic choices.
  • A. A Traditional Economy
  • democratic government that provides some regulation.
What are the pros of a mixed market economy for most citizens? CHECK ALL THAT APPLY.The government provides most basic necessities for citizens.There is a great deal of independence and personal choice.There may be less of a gap between rich and poor people.The government cannot dictate which jobs citizens hold.There may be greater opportunity to become wealthy.The economic system works to promote equality.
  • There is a great deal of independence and personal choice.The government cannot dictate which jobs citizens hold.There may be greater opportunity to become wealthy.
  • In Cuba, the government's control of the economy has begun to loosen. In North Korea, the government maintains a tight hold over the economy.
  • The government allows citizens to own private businesses.
  • the personal ownership of propertythe influence of consumer demand
What is prohibited in a command economy? CHECK ALL THAT APPLY.the control of prices and income levelsthe rationing of manufactured goodsthe personal ownership of propertythe influence of consumer demandthe intervention of the government
  • The decisions made by producers and consumers drive all economic choices.
  • the personal ownership of propertythe influence of consumer demand
  • The government would prohibit trade with other nations.
  • Citizens cannot make most economic decisions.
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Multiple Choice Questions
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