Economic Systems

Economic Systems

7th Grade

16 Qs

quiz-placeholder

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Economic Systems

Economic Systems

Assessment

Quiz

Geography

7th Grade

Medium

Created by

Sean Bredl

Used 5+ times

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mary Ann runs a car dealership selling only government produced cars.  At the end of the month Mary Ann must give all of the money she made back to the government.

Traditional 
Free Market
Mixed
Command

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Joe owns a shoe store.  At the end of the month Joe decides what to do with his profits.

Command
Free Market
Traditional

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Nike and Under Armour sell similar products.  This leads to a decrease in price and an increase in quality.

Free Market
Command
Traditional

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sarah would like to become a doctor when she grows up.  Unfortunately, she lives in a country where her job will be decided for her by the government.

Traditional
Free Market
Mixed
Command

5.

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.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the economy of the Bushmen of the Kalahari Desert the people follow the examples of their ancestors.  This is what kind of economy? 

Traditional 
Market 
Command 
Centrally planned 

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Goods and services a country produces and sells to other countries

imports

exports

demand

supply

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