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Economic Systems

Authored by Rachel Littler

Social Studies

12th Grade

Used 17+ times

Economic Systems
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40 questions

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1.

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

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economic system is based on customs and beliefs?

Market
Mixed
Traditional
command

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The four types of economic systems are: 

Traditional, Command, Mixed, & Market
Traditional, Command, Combined, & Market
Communism, Capitalism, Free Market, and Macroeconomics
Microeconomics, Macroeconomics, Individual, and Traditional.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economy do most countries in the world have?

Market economy
Command economy
Traditional economy
Mixed economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 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?
What to produce? How to produce? When to produce?

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

________ is the most basic or fundamental economic problem.

Scarcity
Labor
Greed
Capital

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

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

Traditional 
Mixed 
Market
Command

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