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ECONOMIC SYSTEMS TEST

Authored by Ileana Fagundo

Social Studies

12th Grade

31 Questions

Used 14+ times

ECONOMIC SYSTEMS TEST
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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If you tell me a price on something and I offer you a different price, this is an example of what kind of economy? 

Traditional 
Command 
Market 
Mixed

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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If my government is selling me bread for $5 a loaf, and I have no choice but to buy that type of bread, I live in a _____ economy. 

Traditional 
Market 
Command 
Mixed

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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There are four types of economic systems. Most economies are _____.

Traditional

Command

Market

Mixed

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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In this type of economy, the individual decides who to sell their products to.  

Traditional 
Mixed 
Market
Command

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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This type of government typically goes with the Command Economy.  

Democracy
Dictatorship
Autocracy
Communism

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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The government has little to no role in the production of goods in this type of economy. 

Traditional 
Mixed
Command 
Market

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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If there are only 100 televisions on sale and 200 people want to buy TV's, that is a problem of ____. 

desire
demand
supply
scarcity

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