
Types of Economic systems
Authored by Alan Long
Social Studies
12th Grade
Used 2+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
I have a problem with having enough resources. What basic question of economics solves this?
What to produce?
How to produce?
When to produce?
For whom to produce?
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
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
2 mins • 1 pt
In this type of economy, the individual decides who to sell their products to.
Traditional
Mixed
Market
Command
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
This type of government typically goes with the Command Economy.
Democracy
Dictatorship
Autocracy
Communism
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The government has little to no role in the production of goods in this type of economy.
Traditional
Mixed
Command
Market
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Economics seeks the answer to the basic question of how to deal with ______.
money
hunger
demand
scarcity
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of economic system allows the government to decide what to produce, how to produce and for whom to produce?
Market
Mixed
Command
Traditional
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?