Economic Systems
Interactive Video
•
Social Studies
•
12th Grade
•
Practice Problem
•
Medium
Brian Fisk
Used 2+ times
FREE Resource
15 questions
Show all answers
1.
SLIDE QUESTION
30 sec • Ungraded
2.
OPEN ENDED QUESTION
3 mins • 1 pt
Identify and describe the 4 types of economic systems that we have studied this week.
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3.
SLIDE QUESTION
30 sec • Ungraded
4.
OPEN ENDED QUESTION
3 mins • 1 pt
Compare 2 countries with different economic systems. Which country would you rather live in ?
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5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the three fundamental economic questions that societies must answer?
What to produce, how to produce it, and who gets it?
How much to produce, when to produce it, and where to sell it?
Who owns the resources, who makes the decisions, and who benefits?
What is the cost, what is the benefit, and what is the profit?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a planned economy, who primarily controls the factors of production?
Individuals and private businesses
The government
A combination of government and private entities
International organizations
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to Karl Marx, what is the single sentence that sums up the theory of communism?
"From each according to his ability, to each according to his needs."
"Abolition of private property."
"Workers of the world, unite!"
"The state withers away."
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