5.1 Economic Systems

5.1 Economic Systems

Assessment

Flashcard

Social Studies

12th Grade

Hard

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25 questions

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1.

FLASHCARD QUESTION

Front

Sam loves science and wants to become a doctor but he is learning how to make clay bricks like his father and grandfather. Options: Free Market, Traditional, Mixed, Command

Back

Traditional

2.

FLASHCARD QUESTION

Front

Katia is an accountant in a government run business where she was placed after graduation. Options: Command, Traditional, Free Market, Mixed

Back

Command

3.

FLASHCARD QUESTION

Front

Mary Ann runs a car dealership selling only government produced cars. At the end of the month Mary Ann must give all of the money she made back to the government. Options: Traditional, Free Market, Mixed, Command

Back

Command

4.

FLASHCARD QUESTION

Front

Joe owns a shoe store. At the end of the month, Joe decides what to do with his profits. Options: Command, Free Market, Traditional

Back

Free Market

5.

FLASHCARD QUESTION

Front

Nike and Under Armour sell similar products. This leads to a decrease in price and an increase in quality.

Back

Free Market

6.

FLASHCARD QUESTION

Front

Sarah's future job will be decided by the government. What type of economy is this? Options: Traditional, Free Market, Mixed, Command

Back

Command

7.

FLASHCARD QUESTION

Front

Ted is working towards his dream of becoming a lawyer by working at a law firm as a legal clerk. Options: Free Market, Traditional, Command

Back

Free Market

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