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Q3 Economic Systems Review

History

5th - 7th Grade

Used 25+ times

Q3 Economic Systems Review
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19 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Actions in this type of economy relate to ritual, habit and custom.

Traditional
Command
Market

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A strength of this type of economy is its ability to rapidly change in a short period of time.

Traditional
Command
Market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A weakness of this economy is its failure to provide for the weak, the sick, the old and the very young who cannot be productive.

Traditional
Command
Market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Name a stable, predictable and continuous economic system.

Traditional
Command
Market

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This economic system does not meet the needs and wants of citizens because the central authority makes all decisions, rather than the individual.

Traditional
Command
Market

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This economic system discourages new ideas or change.

Traditional
Command
Market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This economic system provides a high degree of consumer satisfaction because individuals make most of the decisions.

Traditional
Command
Market

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