MCQ Questions
Q.1.
The proper style for an argumentative essay is _____.
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    command economy.
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    1 & 4
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    for regulation.
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    formal
Q.2.
In a competitive market, an electronics company releases a smartphone that is much faster than older models. This is an example of
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    make an economic prediction.
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    shipping
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    creating an innovative product.
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    predictions
Q.3.
What role do government agencies play in a mixed market economy?
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    1, 3, 4, & 6
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    They regulate some aspects of production and distribution.
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    for regulation.
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    Consumers have a choice between two bakeries in a single city block.
Q.4.
A pure market economy is sometimes called pure _________.
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    for regulation.
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    capitalism
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    formal
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    predictions
Q.5.
What are the cons of a mixed market economy for most citizens? CHECK ALL THAT APPLY.
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    1, 3, 4, & 6
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    1, 3, & 5
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    command economy.
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    predictions
Q.6.
Which situation best reflects the concept of free enterprise?
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    Consumers have a choice between two bakeries in a single city block.
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    command economy.
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    formal
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    They regulate some aspects of production and distribution.
Q.7.
In a republic, elected officials create _______ to regulate the economy.
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    formal
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    command economy.
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    laws
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    makes some economic decisions.
Q.8.
In the free-enterprise system of the United States, the government
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    make an economic prediction.
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    laws
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    makes some economic decisions.
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    command economy.
Q.9.
New technology in ______ allows producers to use materials from all over the world to manufacture goods.
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    shipping
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    predictions
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    1, 3, 4, & 6
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    1, 3, & 5
Q.10.
This graph could help the US government
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    command economy.
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    They regulate some aspects of production and distribution.
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    make an economic prediction.
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    creating an innovative product.