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Economic Systems

Authored by Rene Kircher

Geography, Social Studies

9th Grade

Used 13+ times

Economic Systems
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Companies decide what and how much is produced.

Traditional economy

Market economy

Command economy

Communist economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The government decides what factories make and how much.

Market economy

Mixed economy

Traditional economy

Command economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Also known as capitalism

Traditional economy

Market economy

Command economy

Simple economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People's roles are clearly defined. You will do what your ancestors did before you.

Traditional economy

Command economy

Communist economy

Mixed economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Buyers' demand for products drives business decisions.

Command economy

Traditional economy

Market economy

Communism

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A goal of this system is to provide to people what they need.

Command economy

Traditional economy

Mixed economy

Market economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Can also known as communism.

Traditional economy

Mixed economy

Market economy

Command economy

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