
Types of Economies
Authored by GLENN P PEYTON
Social Studies
9th - 10th Grade
Used 1+ times

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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Prices are determined by the government in this type of economy.
Traditional
Market
Command
Mixed
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Prices for goods in this type of economy are determined by the law of supply and demand.
Traditional
Market
Command
Mixed
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The government controls all aspects of this type of economy.
Traditional
Market
Command
Mixed
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of economy relies on how things have always been done, when deciding what and how to produce things.
Traditional
Market
Command
Mixed
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The internet, which allows people from all over the world to buy and sell in a completely decentralized network, is an example of this type of economy.
Traditional
Market
Command
Mixed
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The economies of Cuba, North Korea, and the former Soviet Union are/were closest to this type of economy.
Traditional
Market
Command
Mixed
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The United States (and, technically, every other country in the world) has this type of economy.
Traditional
Market
Command
Mixed
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