Economic Systems

Economic Systems

8th Grade

19 Qs

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Economic Systems

Economic Systems

Assessment

Quiz

Business

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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