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Economic Systems

Authored by Carol Morris

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6th Grade

Used 6+ times

Economic Systems
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the 3 basic economic questions?

What to produce, Where to produce, Who produces

What should be produced, How should it be produced, Who uses or consumes the goods and services

Where does the stuff go, when does it go, how does it go

When it gets produced, Where it goes, What time it goes

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

North Korea and Cuba have what type of economy?

Mixed

Market

Command

Triditional

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economy in which the central government makes all the decisions is called?

Command

Market

Traditional

Mixed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economy in which people make economic decisions based on their costumes and habits called?

Command

Traditional

Market

Mixed

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economy that combines elements of traditional, market, and command

Command

Market

Mixed

Traditional

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economy in which individual consumers and producers make economic decisions is called?

Command

Market

Mixed

Traditional

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The United States and Japan have what kind of economy?

Traditional

Mixed

Market

Command

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