Economic Scenarios

Economic Scenarios

5th - 8th Grade

8 Qs

quiz-placeholder

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Economic Scenarios

Economic Scenarios

Assessment

Quiz

History

5th - 8th Grade

Medium

Used 45+ times

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8 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system does it represent?
My name is Geraldo Estevez. I have lived in Cuba all my life. I wanted to become a teacher. However, I work for a large sugar producer that is owned by the government. The government decides when I work, where I work, and how much money I recieve. What economic system am I describing?
Traditional
Command
Market
Mixed

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

My name is Curt Jones and I have always had a passion for delicious ice cream. I discovered a way to freeze ice cream into small dots. I patented the process for making the ice cream and built a plant to make enough ice cream to sell it internationally. There are no government rules saying what I must pay my workers or how old they must be. Which economic system am I describing?
Traditional
Command
Market
Mixed

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

My name is Mr. Jones and I have always had a passion for delicious ice cream. I discovered a way to make ice cream that formed tiny dots. I patented the process for making the ice cream and built a plant to make enough to sell internationally. I decided to build a Kiosk, carts to store and sell ice cream, to dealers nationally. The Kentucky Health Department told me that each kiosk that stays in Kentucky must have 3 sinks. California requires they have 4 sinks. Which economic system am I describing?
Traditional
Command
Market
Mixed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

I am a basket weaver in Afghanistan. The people in my village make beautiful baskets. My grandmother and my mother made baskets for  a living as well. What type of economic system I am describing?
Traditional
Command
Market
Mixed

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

My name is Whitney Sam. I own a toy factory. My employees use many sharp instruments to make the toys. A federal agency called OSHA visits my factory often to make sure my employees have safe equipment to use. Which economic system am I describing?
Traditional
Command
Market
Mixed

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

My name is Derek Jones. I am a farmer. My father and grandmother were also farmers. Which economic system am I describing?
Traditional
Command
Market
Mixed

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

My name is Madison Brown. I worked for an ice cream company for many years. I am now 65 years old and have health problems that prevent me from working. I receive a Social Security check from the government each month to help pay my expenses. Which economic system am I describing?
Traditional
Command
Market
Mixed

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

My name is Morgan. The factory where I worked is now owned by the government. They tell us exactly what to produce and how many items to produce. What economic system is this?
Traditional
Command
Market
Mixed