Reading Skills 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 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 (B)</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 (D)</p> Signup and view all the answers

Flashcards are hidden until you start studying

More Like This

Use Quizgecko on...
Browser
Browser