Economic Systems
Authored by Jeffrey Keller
Geography, Other, Other Sciences
9th - 12th Grade
Used 139+ times
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84 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Producers determine supply. Consumers determine demand. Companies seek profits. Which economic system is described above?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In Indonesia, the government owns large industries and sets some prices. Private individuals also do business. Which economic system is described above?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is the central characteristic of a free market economy?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which economic system would you expect the widest selection of consumer goods?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a traditional economy, information about the way goods are produced is passed from one generation to the next by the –
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is the major feature of an economy based on subsistence farming?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which group has the greatest influence in determining what goods and services will be produced in a communist economic system?
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