Economics and Government

1.

Multiple Choice

20 sec

1 pt

Money is another term for-

exchange rate

standard of living

natural resources

currency

2.

Multiple Choice

20 sec

1 pt

A mixed economy is-

based on people controlling the supply and demand

a mixture of pure command and pure market economies

a government controlled economy

resources from nature

3.

Multiple Choice

20 sec

1 pt

A government structure in which there are no limits on what the leader can do is called-

limited government

unlimited government

democracy

healthcare

4.

Multiple Choice

20 sec

1 pt

A form of government that has a king or queen with absolute control.

theocracy

monarchy

oligarchy

dictatorship

5.

Multiple Choice

20 sec

1 pt

A government structure in which government actions are limited by laws.

unlimited government

monarchy

limited government

dictatorship

6.

Multiple Choice

20 sec

1 pt

The value of all the goods and services produced in a country in one year-

Standard of Living

Gross Domestic Product

Exchange Rate

capital goods

7.

Multiple Choice

20 sec

1 pt

The ability to read and write is-

Literacy rate

Life expectancy

Human Capital

Natural resources

8.

Multiple Choice

20 sec

1 pt

What type of economy uses trading goods and hunting/gathering as a means to survive?

command

mixed

market

traditional

9.

Multiple Choice

30 sec

1 pt

Form of government in which no government is set in place-

communism

democracy

anarchy

dictatorship

10.

Multiple Choice

30 sec

1 pt

People with new ideas that take risks to start new businesses are called

entrepreneurs

shark tank

exchange rate

constitutional monarchy

11.

Multiple Choice

30 sec

1 pt

How well citizens live based on public services is called-

Capital goods

Human goods

natural resources

standard of living

12.

Multiple Choice

20 sec

1 pt

a form of government where all of the power rests in the hands of one person

anarchy

democracy

dictatorship

republic

13.

Multiple Choice

20 sec

1 pt

Form of government that means, "rule of the people" -

oligarchy

theocracy

democracy

communism

14.

Multiple Choice

20 sec

1 pt

Resources that come from nature are called-

natural things

natural resources

natural rate

natural living

15.

Multiple Choice

20 sec

1 pt

A form of economy where the government has all of the control-

market

traditional

command

mixed

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