CE11b - Economic Systems

CE11b - Economic Systems

8th Grade

10 Qs

quiz-placeholder

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CE11b - Economic Systems

CE11b - Economic Systems

Assessment

Quiz

History

8th Grade

Practice Problem

Medium

Created by

Thomas Martz

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Different countries have different economic systems. We are going to talk about ___ economic systems.

one

two

three

four

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Basic question of economics is what, how and for whom will goods and services be....

consumed

produced

allocated (spread out)

all of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

One economic system deals with people performing the same type of work as their parents and grandparents. This is a _____ economy.

free market

traditional

command

mixed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this economy, the govt is boss in the private sector and the govt is also dominant in the public sector.

traditional

free market

mixed

command

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

This nation's economy is a Command economy.

Britain

Chad

North Korea

Brazil

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a Command economy, all economic decisions are centrally planned. Centrally planned equals the ____.

consumer

individual

govt

wealthy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In this economy, the govt is dominant in the public sector while individuals and businesses control the private sector.

Command

Traditional

Mixed

Free Market

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