Chapter 2 Practice Quiz - Economic Systems

Chapter 2 Practice Quiz - Economic Systems

9th - 12th Grade

18 Qs

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Ch.2 Economics Systems and Market systems

Ch.2 Economics Systems and Market systems

Economic Systems

Economic Systems

Chapter 2 Practice Quiz - Economic Systems

Chapter 2 Practice Quiz - Economic Systems

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Luke Kruse

Used 5+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economic system allows the government to decide what to produce, how to produce and for whom to produce?

Market
Mixed
Command
Traditional

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economic system is based on customs and beliefs?

Market
Mixed
Traditional
command

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The four types of economic systems are: 

Traditional, Command, Mixed, & Market
Traditional, Command, Combined, & Market
Communism, Capitalism, Free Market, and Macroeconomics
Microeconomics, Macroeconomics, Individual, and Traditional.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the economy of the Bushmen of the Kalahari Desert the people follow the examples of their ancestors.  This is what kind of economy? 

Traditional 
Market 
Command 
Centrally planned 

5.

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 

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the 3 economic questions?

What to produce? How To Produce? For whom to produce?
Who to produce? Why you produce? Like to produce?
Why to produce? Tell who to produce? Things to produce?
What to produce? How to produce? When to produce?

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When someone or a business chooses to specialize or produce certain items.

Entrepreneur
Economics
Voluntary Exchange
Specialization

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