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Economic Systems

Economic Systems

Assessment

Presentation

Business

10th - 11th Grade

Practice Problem

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Created by

Latoya Cousins

Used 46+ times

FREE Resource

14 Slides • 7 Questions

1

The Nature of Business

Economic Systems

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Multiple Choice

Economic systems means:

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A system which governs the government of a country

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The activity of making one's living by producing goods

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The way how a country utilize it's resources to benefits it's citizen

4

One where the government has all the control over it's citizens

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Multiple Choice

The following are examples of economic systems EXCEPT:

1

Planned

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Free

3

Mixed

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Capital

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Multiple Choice

Barter existed under the Traditional economy:

1

True

2

False

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Multiple Choice

Free market is where:

1

Government is in full control

2

Private organisation is in control

3

Both government and private organisation is in control

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Multiple Choice

Planned economy is where:

1

Government is in full control

2

Private organisation is in control

3

Both government and private organisation is in control

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Multiple Choice

Mixed economy is where:

1

Government is in control

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Both government and private organisation is in control

3

Private organisation is in control

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The Nature of Business

Economic Systems

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