Economics Unit 1 Economic Systems and Basics Hudspeth

Economics Unit 1 Economic Systems and Basics Hudspeth

5th - 12th Grade

18 Qs

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Economics Unit 1 Economic Systems and Basics Hudspeth

Economics Unit 1 Economic Systems and Basics Hudspeth

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Quiz

Social Studies

5th - 12th Grade

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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In my country my job is the same one that my family has done over the past 200 years.

Traditional

Command

Market

Mixed

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In my country, the government makes all the economic decisions.

Traditional

Command

Market

Mixed

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In a command economy, who holds power over the economy?

The people
The government 
Beyonce
The traditions of your ancesetors 

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are the 3 economic questions?

What to produce? How To Produce? For whom to produce?
Who to produce? Why you produce? Like to produce?
Why to produce? Tell who to produce? Things to produce?

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a "pure" communist society, who are the wealthiest and most powerful people?

Intellectuals
Business leaders
Military leaders
No One--every member of society is supposed to be equal

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The United States practices

pure capitalism

pure socialism

pure communism

a mixed or blended economic system

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This person wrote "The Wealth of Nations" and believed the government should have a limited role in business?

John Locke

Adam Smith

Charles Fourier

Karl Marx

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