Economics

Economics

7th - 8th Grade

33 Qs

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Economics

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Assessment

Quiz

History

7th - 8th Grade

Medium

Created by

Michael Masullo

Used 25+ times

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33 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is an economic system in which the government and people are used to decide how to use scarce resources?

Market economy
Command economy
Traditional economy
Mixed economy

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is an economic system in which economic decisions are made according to social roles & culture?

Market economy
Command economy
Traditional economy
Mixed economy

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Capitalism flourishes here in this economic system.

Traditional
Market
Command
Mixed

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is an economic system where only the government makes the economic decisions? 

traditional economy
free enterprise 
mixed economy
command economy

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What type of economy do most countries in the world have?

Market economy
Command economy
Traditional economy
Mixed economy

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The Country of North Korea has a dictator that makes all of the economic decisions. What type of economy is this?

Traditional 
Market 
Command 
Centrally Planned 

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The system in which individuals in a market economy are free to undertake economic activities with little or no control by the government:

Capitalism
Investment
Free Enterprise
Communism

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