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Economic Systems

Authored by Jessica Cruz

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12th Grade

Used 4+ times

Economic Systems
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22 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Amish and some African tribes are considered a

traditional economy
mixed economy
free market economy
centrally controlled economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Households, firms, self interest, incentive and competition are all associated with

traditional economy
mixed economy
free market economy
command economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are factors of production EXCEPT

land
labor
agriculture
capital

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a free market economy, who owns the factors of production?

The government
The President
Individuals
religious groups

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which system is based on agriculture, hunting, and religion?

traditional economy
mixed economy
free market economy
centrally controlled economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens when a traditional economy faces a natural disaster?

they depend on the govt
they use their emergency fund
they have no safety net 
they are forced to join mainstream society

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The United States is considered to be which type of economy?

traditional
mixed 
free market
command

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