9th Grade Economics Quiz

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App

Questions and Answers

Which of the following is an example of a market economy?

  • A country where individuals and businesses make their own economic decisions (correct)
  • A country where the government sets the prices for all goods and services
  • A country where the government owns all land and resources
  • A country where the government controls all industries

What is the purpose of taxation in an economy?

  • To fund government programs and services (correct)
  • To discourage economic growth
  • To increase income inequality
  • To decrease government revenue

What is the role of the Federal Reserve in the United States economy?

  • To regulate international trade
  • To control the stock market
  • To manage the nation's monetary policy (correct)
  • To determine tax rates

Which of the following is an example of a command economy?

<p>China (B)</p> Signup and view all the answers

What is the main goal of fiscal policy?

<p>Promoting economic growth (A)</p> Signup and view all the answers

What is the law of demand?

<p>As price increases, quantity demanded decreases (B)</p> Signup and view all the answers

Flashcards are hidden until you start studying

More Like This

9th Grade Algebra Flashcards
30 questions
9th Grade Vocabulary Words Flashcards
25 questions
Use Quizgecko on...
Browser
Browser