Reading Skills Quiz
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Questions and Answers

Which term describes someone who acquires goods and services for their own personal use?

  • Producer
  • Economy
  • Market
  • Consumer (correct)
  • What type of economy does the United States have?

  • Socialist economy
  • Mixed economy
  • Market economy (correct)
  • Command economy
  • In a market economy, who decides what to produce?

  • Market
  • Consumers
  • Producers (correct)
  • Government
  • What does the term 'market' refer to in the given text?

    <p>The entire activity of buying and selling</p> Signup and view all the answers

    What is the role of the government in a market economy?

    <p>It does not tell producers what to make</p> Signup and view all the answers

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