Economic Systems
History
7th Grade - University
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27 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In which economic system does the government have all the power?
Traditional Economy
Market Economy
Command Economy
Mixed Economy
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This system is associated with the least government involvement.
Traditional Economy
Market Economy
Command Economy
Mixed Economy
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This system is associated with some government-run and some privately-owned businesses.
Traditional Economy
Market Economy
Command Economy
Mixed Economy
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This system is associated with barter trade and earlier times (before money existed).
Traditional Economy
Market Economy
Command Economy
Mixed Economy
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This system is associated with the ideas of Adam Smith and capitalism.
Traditional Economy
Market Economy
Command Economy
Mixed Economy
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This system is associated with the ideas of Karl Marx and communism.
Traditional Economy
Market Economy
Command Economy
Mixed Economy
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The United States is now categorized as this economic system.
Traditional Economy
Market Economy
Command Economy
Mixed Economy
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