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Economic Systems

Authored by Phillip Hollingshead

Social Studies

12th Grade

Used 4+ times

Economic Systems
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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

_______ is another word for Market Economy. 

Capitalism 
Communism

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In a command economy, who holds power over the economy?

The people
The government 
Beyonce
The traditions of your ancesetors 

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In a market economy, if your mom dad are both teachers, do you have to be a teacher?

NO
Yes
Maybe

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

If the government makes me produce 70 T-Shirts, what economic system is this?

Mixed

Market

Command

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This system is associated with the ideas of Adam Smith and capitalism.

Traditional Economy
Market Economy
Command Economy
Mixed Economy

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This system is associated with the ideas of Karl Marx and communism.

Traditional Economy
Market Economy
Command Economy
Mixed Economy

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the three economic systems has the most government involvement ? 

Market economy
Mixed economy
Command economy
Traditional economy

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