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ECONOMIC SYSTEMS REVIEW

Authored by Maria Copete

Social Studies

12th Grade

Used 11+ times

ECONOMIC SYSTEMS REVIEW
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26 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT a type of economic system?

Traditional

Command

Market

Democratic

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economic system can be capable of great change in a short amount of time?

Traditional

Command

Market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economic system adjusts to change and incorporates Laissez-faire?

Traditional

Command

Market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economic system has set economic roles for all and is predictable?

Traditional

Command

Market

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an economic system?

a way of governing a society

an organized way of providing for the wants and needs of people

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which type of economic system do people and firms act in their own best interests to answer: what, how, and for whom?

Traditional

Command

Market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country is an example of a market system?

U.S.

China

Soviet Union

Cuba

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