
Economic Systems
Authored by Brian C Rheberg
Geography, Social Studies
6th Grade
Used 37+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economy in which most of the economic decisions are made based on customs and habits of the past.
Command
Mixed
Traditional
Market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Government planning groups make the basic economic decisions such as which goods and service to produce, prices and wage rates.
Command
Traditional
Market
Mixed
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economy in which changes in prices guide how goods and services will be produced, distributed and consumed.
Mixed
Traditional
Command
Market
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economy that has both command and market principles in place to determine what is produced, distributed and consumed.
Mixed
Market
Command
Traditional
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system that permits an open exchange of goods and services between producers and consumers based on supply and demand.
Traditional
Market
Command
Parliamentary Democracy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system in which the government decides what goods will be produced, how they will be produced and how they will be distributed.
Mixed
Market
Traditional
Command
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system in which people usually produce just what they need to survive.
Traditional
Command
Market
Mixed
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