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Economic Systems 2

Authored by Christopher Daniels

Geography

5th - 8th Grade

Used 28+ times

Economic Systems 2
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A system in which people produce, sell, and buy things.

government
economy
culture
business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People trade goods and services without money.

Traditional Economy
Free Enterprise (Market) Economy
Command Economy
Mixed Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Government owns most parts of the economy and decides what will be produced and sold.

Traditional Economy
Command Economy
Free Enterprise (Market) Economy
Mixed Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Privately owned businesses create goods that people buy in markets.

Traditional economy
Free enterprise economy
Command economy
Mixed economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Has elements of a free enterprise and command economy.

Traditional economy
Free enterprise (market) economy
Command economy
Mixed Economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Objects we use (that can be bought or sold)

goods
services
cars
jobs

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An act that can be done for someone (can be bought or sold)

good
service
business
market

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