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Economic Systems Quiz

Authored by Bryan Layton

Geography

7th Grade

Used 10+ times

Economic Systems Quiz
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50 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is GDP?

The market value of the goods and services produced by a Country's economy and compare it to other countries
 Grand Opening Procedure
Germany Departing Poland 
The grossness of a country an compare it by other countries

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What Is an Entrepreneur?

Person who runs their own company and take risks
Computer Engineer
Person who brings entrees to the table
Person who eats entrees

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Name all the economies

Command, mixed, market, traditional

Parliamentary and Democracy

U.S, Canada, Europe and Mexico

Red, Blue, Orange and Green

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is Our Economy in the United States?

Mixed

Traditional

Market

Command

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is the economy when you go hunt just like your father

Traditional
 Command
Mixed
Market

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

If my government is selling me bread for $5 a loaf, and I have no choice but to buy that type of bread, I live in a _____ economy. 

Traditional 
Market 
Command 
Mixed

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

There are four types of economic systems. Most economies are _____.

Traditional

Command

Market

Mixed

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