Economic Systems
8th Grade
•19 Qs
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Economic Systems
Quiz
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Business
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8th Grade
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19 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT one of the three main
economic systems?
Communism
Fascism
Socialism
Capitalism
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Complete governmental control is a characteristic of which of the three main economic systems?
Communism
Socialism
Capitalism
Complete control is not a characteristic of any of the three main
economic systems.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is another name for the private enterprise system?
Fascism
Socialism
Capitalism
Communism
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT one of the three freedoms
individuals have in a private enterprise system?
Import and export of goods and services
Buy goods and services
Produce and sell goods and services
Choose a career or workplace
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a characteristic of an entrepreneur?
Fear
Risk taking
Self deprecation
Pessimism
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT one of the four economies the United States has experienced?
Agricultural economy
Industrial economy
Service economy
Technology economy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a country which operates under command/communism?
United States
Mexico
North Korea
Great Britain
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