Economics Terms review

Economics Terms review

Assessment

Quiz

Created by

Christy Davis

Social Studies

7th Grade

6 plays

Easy

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system is based on trading and bartering and doesn't use cash?

Traditional

Command

Market

Mixed

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which economic system are the production decisions made by government planners?

Traditional

Command

Market

Mixed

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which economic system do consumers have the least amount of choices?

Traditional

Command

Market

Mixed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which economic system are decisions made by producers and consumers?

Traditional

Command

Market

Mixed

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which economic system do consumers have the most choices?

Traditional

Command

Market

Mixed

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system is a blend of both command and market systems?

Traditional

Command

Market

Mixed

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a country's "specialization?"

What it does best.

What it makes the least of.

What it imports to other countries.

What it purchases from other countries.

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