European Economic Systems
Authored by Marquita Corbett
Social Studies
6th - 12th Grade
Used 35+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In this economic system, people do things the way they have always been done.
Market Economy
Command Economy
Traditional Economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In some nations, the government controls the economy. It tells people what to make and sell.
Market Economy
Command Economy
Traditional Economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Communist countries usually have which economic system?
Command
Market
Traditional
Mixed
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How are goods and services exchanged in a traditional economy?
through prices and wages
through government regulation
through bartering
through shortages and surpluses
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The most common type of economy in which there are elements of command and market. Typically countries are closer towards one or the other, but still have traits of both.
Mixed
Market
Command
Traditional
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A type of economy in which citizens have complete control over the goods and services produced.
Market
Mixed
Command
Traditional
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Democracies like Russia, UK and Germany have what type of economic systems?
Market
Mixed
Traditional
command
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