Business, Social Studies

7th -

9thgrade

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Economic system

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10 questions

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  • Multiple Choice
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    1 minute
    1 pt

    Which one of the following is not the question referred to resource allocation?

    What to produce?

    How to produce?

    Who to produce?

    Who to produce for?

  • Open Ended
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    3 minutes
    1 pt

    An economy is an area where people and firms ____________________

  • Multiple Choice
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    1 minute
    1 pt

    An economy operates entirely as a market system.

    Which type of service would not be provided in such an economy?

    commercial banking services

    free government health services

    private educational services

    profitable retail services

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