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Economic Systems

Authored by Dawn Jester

Geography

6th - 9th Grade

Used 42+ times

Economic Systems
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15 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

_______ is another word for Market Economy. 

Capitalism 
Communism
Socialism

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT a characteristic of a Market Economy?

Property Rights
Freedom of Enterprise
Competition
Total Government Control

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Burger King and McDonald's keep their prices low because of

Competition
Property Rights
Limited Role of Government
Freedom of Enterprise

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Any object you can buy to satisfy a want

Supply
Service
Good
Demand

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which direction does competition drive prices?

Price goes up
Prices goes down
Price stays the same

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is known as the Father of Capitalism?

Karl Marx
Adam Smith
Frederick Engels
Donald Trump

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The wealthy factory owners who treated the workers badly were called the 

Proletariat
Consumers
Bourguoisie
Producers

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