Economic Systems

Economic Systems

10th - 12th Grade

15 Qs

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Economic Systems

Economic Systems

Assessment

Quiz

10th - 12th Grade

Medium

Used 9+ times

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15 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Government owns the business and means of production.

Command

Market

Traditional

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Prices are determined by central planners.

Command

Market

Traditional

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Central planners determine what is to be produced, how and for whom.

Command

Market

Traditional

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The government provides housing for the people.

Command

Market

Traditional

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Social goals are determined by the central planners for the people.

Command

Market

Traditional

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Individuals own the businesses and means of production.

Command

Market

Traditional

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Prices are determined by the interaction of buyers and sellers in the marketplace.

Command

Market

Traditional

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