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Other, Social Studies
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9th Grade
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kevin rosites
Used 9+ times
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34 Slides • 16 Questions
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Multiple Choice
(1) An economic allocation is an act of distributing resources.
(2) The main goal of allocation is to efficiently allocate unlimited resources to satisfy one’s needs and wants
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Multiple Choice
(1) The bases of economic decision-making in the traditional economy
are customs and traditions.
(2) The traditional economy generally repeats the decisions formulated and implemented in the earlier generation.
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Multiple Choice
(1) Command economy is where the market is in control of the economic activities.
(2) Thus, the command economy follows
aissez-faire economics
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Multiple Choice
(1) The market economy aims to provide services in support of the welfare of the people and the state.
(2) Market economy primarily operates mainly for profit.
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Multiple Choice
(1) Mixed economies recognize the advantages of a market system because of competition.
(2) Likewise, it gives importance to government intervention in managing the economy.
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Open Ended
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Open Ended
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Multiple Choice
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Open Ended
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Multiple Choice
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Open Ended
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Multiple Choice
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Open Ended
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Multiple Choice
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Open Ended
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