SS7E1, SS7E4, SS7E7: Economic Systems
Authored by Melissa Houghton
Geography, Other, History
6th - 7th Grade
Used 860+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system is a way in which people decide to organize the production, distribution, and consumption of goods and services.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What, how, and for whom to produce are the basic economic questions that every society must answer.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All societies answer the three basic questions in the same way.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Most societies have some type of mixed economy.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a market economy, only the government decides what goods are produced.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a command economy, consumer purchasing decides what goods and services are produced.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a command economy, the government decides how the goods will be produced and distributed.
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