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Command and Demand Economy / Socialism

Authored by H Rhodes

Geography, Social Studies

9th - 12th Grade

Used 45+ times

Command and Demand Economy / Socialism
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16 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A large part of a command economic system is controlled by:

a centralized power; federal government

No one. It's an economy based off of individual freedom

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the word

“ Command Economy “

It is the fifth-largest national economy in the world measured by nominal gross domestic product, ninth-largest by purchasing power parity.

a system where the government, rather than the free market, determines what goods should be produced.

job opportunities by promoting conditions that enable economic growth and stability at home and abroad, strengthen national security.

combating threats and protecting the integrity of the financial system, and manage the U.S. Government's finances and resources.

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

In a market economy, who decides on the prices of goods and services?

government
buyers and sellers
firms
local leaders

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Command economies are usually dominated by:

Free enterprise

Traditions, customs, and beliefs

State-owned enterprise

All of the above

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What are the traits of a market economy?

Has elements of two economic types
Private ownership, free trade, competition, most used
Government makes all economic decisions, communist countries
Make own goods, grow own food, barter, least used

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What are the traits of a command economy?

Make own goods, grow own food, barter, least used
Has elements of two economic types
Private ownership, free trade, competition, most used
Government makes all economic decisions, communist countries

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Nike, Google and Apple are examples of.....

Sole Proprietorships
Partnerships
Corporations
Franchises

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