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Economic System Quizzes & Trivia

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Do you know what the economy is? Have you ever imagine how it works? The economic system refers to production, allocating resources, and focusing on the distribution of goods and services, which comprises different institutions...

Questions: 27  |  Attempts: 6624   |  Last updated: Mar 22, 2022
  • Sample Question
     What are the limitations of a Free enterprise system?
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Economic Systems

Questions: 5  |  Attempts: 572   |  Last updated: Mar 20, 2022
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    When you are working in a group, who would you consider yourself?
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When it comes to the world of economics the most important thing to do is to meet the supply in the market while maximizing profits or income. Economic systems as we learned are the means through which governments distribute...

Questions: 7  |  Attempts: 236   |  Last updated: Mar 20, 2022
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    Which is NOT a basic question of an economic system according to the text?
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There are different ways societies use to ensure that limited resources can help meet the endless needs of societies. Having an economic system ensures that one knows when, how, and who to produce to meet the requirements. Do...

Questions: 10  |  Attempts: 318   |  Last updated: Mar 21, 2022
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    1. Which is a question that nations answer when determining their type of economic system? 
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Do you know anything about the economic system? Would you be willing to try this quiz? Some of the ideas in this quiz that you should learn about including financial decisions based on what markets allow us to do, how...

Questions: 10  |  Attempts: 807   |  Last updated: Mar 21, 2022
  • Sample Question
    Which of these is a key economic question face by countries?
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