Economic Systems

Economic Systems

8th - 12th Grade

10 Qs

quiz-placeholder

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Economic Systems

Economic Systems

Assessment

Quiz

History

8th - 12th Grade

Practice Problem

Medium

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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What type of economic system allows the government to decide what to produce, how to produce and for whom to produce?

Market
Mixed
Command
Traditional

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What type of economic system is based on customs and beliefs?

Market
Mixed
Traditional
command

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The four types of economic systems are: 

Traditional, Command, Mixed, & Market
Traditional, Command, Combined, & Market
Communism, Capitalism, Free Market, and Macroeconomics
Microeconomics, Macroeconomics, Individual, and Traditional.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In the economy of the Bushmen of the Kalahari Desert the people follow the examples of their ancestors.  This is what kind of economy? 

Traditional 
Market 
Command 
Centrally planned 

5.

MULTIPLE CHOICE QUESTION

1 min • 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 

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are the 3 economic questions?

What to produce? How To Produce? For whom to produce?
Who to produce? Why you produce? Like to produce?
Why to produce? Tell who to produce? Things to produce?
What to produce? How to produce? When to produce?

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

________ is the most basic or fundamental economic problem.

Scarcity
Labor
Greed
Capital

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