QoD Archive                                  

Quiz of the Day

1.

CE.11c   The United States economy is primarily a free market economy, but because of some government involvement it is characterized as a ______________.

A) traditional economy
B) democratic economy
C) mixed economy
D) command economy

2.

CE.6a  Which level of government prepares a biennial budget?

A) National
B) State
C) Local
D) Community

3.

CE.11a   Why is competition important in business? 10 pts for any correct answer

 

4.

CE.11b  In this economic system people often perform the same type of work as their parents and grandparents.

A) Free Market Economy
B) Command Economy
C) Traditional Economy
D) Mixed Economy

5.

CE.11a   Interaction of supply and demand determines ___________.

A) Production
B) Consumption
C) Choice
D) Price

6.

  • Central ownership of property and resources
  • Centrally-planned economy
  • Lack of consumer choice

CE.11b  The characteristics listed above best describes which of the following economic systems?

A) Free Market Economy
B) Traditional Economy
C) Mixed Economy
D) Command Economy

 

7.

CE.11b  Which of the following categories would best replace the "?" in the graphic organizer?

A) Laws of Supply and Demand
B) Basic Questions of Production
C) Laws of Economics
D) Basic Questions of Economics

 8.

CE.11b Traditional Economy : Charters of the Virginia Company of London, Free Market Economy : __________

A) Declaration of Independence
B) Command Economy
C) 10th Amendment
D) Constitution of Virginia

9.

CE.6d  What is the function of the executive branch?

A) To make laws
B) To interpret laws
C) To carry out laws
D) To create laws


10.

CE.11a  Name the four types of resources.

 


 

 

Bonus

CE.9b Name the four types of economic systems we learned about last week.