Economic Systems Review

Economic Systems Review

11th Grade

21 Qs

quiz-placeholder

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Economic Systems Review

Economic Systems Review

Assessment

Quiz

Social Studies

11th Grade

Medium

Created by

Andrew Scheid

Used 38+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Which of the following is NOT one of the questions that ALL economic systems answer?

What will we produce?

How will we produce it?

For whom will it be produced?

When does production start?

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

In which economic system is ALL property owned by individuals?

Traditional Economy

Command Economy

Market Economy

Mixed Economy

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

In which economic system is ALL property owned by the government ("for the good of the country")?

Traditional Economy

Command Economy

Market Economy

Mixed Economy

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

In which economic system is some property owned by the government and some is owned by individuals?

Traditional Economy

Command Economy

Market Economy

Mixed Economy

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

In which economic system is property collectively owned by the tribe or community?

Traditional Economy

Command Economy

Market Economy

Mixed Economy

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

In which economic system is creativity not rewarded? You're simply expected to perform your task and meet your quota.

Traditional Economy

Command Economy

Market Economy

Mixed Economy

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

In which economic system are privately owned businesses limited with by government regulations which are intended to protect consumers?

Traditional Economy

Command Economy

Market Economy

Mixed Economy

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