Economic Systems

Economic Systems

11th - 12th Grade

16 Qs

quiz-placeholder

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Economic Systems

Economic Systems

Assessment

Quiz

Social Studies

11th - 12th Grade

Practice Problem

Medium

Created by

JONATHAN FROST

Used 345+ times

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

In my country, central planners decide when we should expand old factories and build new ones.

Traditional

Command

Market

Mixed

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In my country my job is the same one that my family has done over the past 200 years.

Traditional

Command

Market

Mixed

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In a command economy, who holds power over the economy?

The people
The government 
Beyonce
The traditions of your ancesetors 

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

What are the 3 basic 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?

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

If the government makes me produce 70 T-Shirts, what economic system is this?

Mixed

Traditional

Command

Market

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

If I choose to produce fish for my town because my mom and dad were fishermen/women, what economic system is this?

Mixed

Market

Traditional

Command

7.

MULTIPLE CHOICE QUESTION

45 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.

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