Econ Ch. 2

Econ Ch. 2

Assessment

Assessment

Created by

Dan Regan

Other

9th - 12th Grade

16 plays

Hard

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35 questions

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1.

Multiple Choice

30 sec

1 pt

Which of the following is NOT a strength of a market economy?

a. It can adjust to change over time.

b. It gives producers and consumers freedom.

c. It has decentralized decision making.

d. It supports all of its people equally.

2.

Multiple Choice

30 sec

1 pt

All of the following are characteristics of capitalism EXCEPT

a. private property rights

b. economic freedom.

c. profit motive.

d. government control.

3.

Multiple Choice

30 sec

1 pt

Who plays the roles of protector, consumer, regulator, and promoter of economic goals in the
United States?

a. government

b. entrepreneurs

c. businesses

d. workers

4.

Multiple Choice

30 sec

1 pt

A market economy 

a. offers a high degree of certainty for its workers.

b. limits the choices of goods and services available.

c. permits extensive government intervention.

d. does not provide for everyone's basic needs.

5.

Multiple Choice

30 sec

1 pt

In a market economy, a low price is a signal for

a. producers to produce more and buyers to buy less.

b. producers to produce more and buyers to buy more.

c. producers to produce less and buyers to buy less.

d. producers to produce less and buyers to buy more.

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