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Ch 4 Economic Systems Essential Questions Quiz

Authored by Carlos Vela

Geography

9th Grade

Used 17+ times

Ch 4 Economic Systems Essential Questions Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one is an economic system

traditional

market

command

all of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Name one disadvantage of a traditional economy.

There societies are very slow to change

There societies floruish quickly

They offer total choice in what their societies need

There are no disadvantages

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the name given to the idea that private individuals or groups have the right to own property or businesses.

socialism

communism

free enterprise

democratic socialism

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a free enterprise system, what kind of people usually slip into poverty?

Weak

Sick

disabled

all of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the government's main economic task in a free market?

To preserve the comman economy

To look out for poor and weak

to decide what the people need

To preserve the free market.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are taxes used for in a command economy?

make it available to oligarchs for their budgetary discretetion

to lend out to entrepenuers

support social services, such as housing and healthcare

to make life easier for the job creators

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who owns property under communism?

It is owned by foreign corporations

It is collectively owned.

it is owned by private corporations

its is owned by private individuals

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