Economic Systems

Economic Systems

Assessment

Flashcard

Social Studies

12th Grade

Hard

Created by

Wayground Content

FREE Resource

Student preview

quiz-placeholder

16 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What type of economy is represented by Sam learning to make clay bricks like his father and grandfather? Options: Free Market, Traditional, Mixed, Command

Back

Traditional

2.

FLASHCARD QUESTION

Front

What type of economic system is represented by Katia's government-run business? Options: Command, Traditional, Free Market, Mixed

Back

Command

3.

FLASHCARD QUESTION

Front

Ted is working towards his dream of becoming a lawyer by working at a law firm as a legal clerk. What type of economy does this scenario represent? Options: Free Market, Traditional, Command

Back

Free Market

4.

FLASHCARD QUESTION

Front

In a country where jobs are decided by the government, what type of economy is this? Options: Traditional, Free Market, Mixed, Command

Back

Command

5.

FLASHCARD QUESTION

Front

What type of economy does a private company that follows government rules for public safety represent? Options: Free Market, Command, Mixed, Traditional

Back

Mixed

6.

FLASHCARD QUESTION

Front

Who or what answers the basic economic questions in a mixed economy? Options: Individuals and Businesses, Government, Custom, Individuals, Businesses, and Government

Back

Individuals, Businesses, and Government

7.

FLASHCARD QUESTION

Front

Who or what answers the basic economic questions in a traditional economy?

Back

Custom

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?