Economic Systems Study Guide
Authored by Kristine Ruby
Social Studies
11th - 12th Grade
Used 42+ times
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Katia is an accountant in a government run business where she was placed after graduation.
Command
Traditional
Free Market
Mixed
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who or what answers the basic economic questions in a command economy?
Individuals and Businesses
Government
Custom
Individuals, Businesses, and Government
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who or what answers the basic economic questions in a free market economy?
Individuals and Businesses
Government
Custom
Individuals, Businesses, and Government
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who or what answers the basic economic questions in a mixed economy?
Individuals and Businesses
Government
Custom
Individuals, Businesses, and Government
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sam loves science and wants to become a doctor but he is learning how to make clay bricks like his father and grandfather.
Free Market
Traditional
Mixed
Command
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ted is working towards his dream of becoming a lawyer by working at a law firm as a legal clerk.
Free Market
Traditional
Command
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Country of North Korea has a dictator that makes all of the economic decisions. What type of economy is this?
Traditional
Market
Command
Centrally Planned
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