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Economic Systems Review

Authored by Scott Winters

Geography

9th - 12th Grade

Used 8+ times

Economic Systems Review
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This system believes the government should decide how goods will be distributed, and there are often shortages.

Free Market Economy

Command Economy

Mixed Economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This system is controlled by firms and households in a relationship that is mutually beneficial.

Free Market Economy

Command Economy

Mixed Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This system is usually used in an Authoritarian government that demands obedience and does not allow individual freedoms.

Free Market Economy

Command Economy

Mixed Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most economies exist within this system on a continuum (some are more like a command than others, and some are more free market than others)

Free Market Economy

Command Economy

Mixed Economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This system can be used in both socialist and communist governments

Free Market Economy

Command Economy

Mixed Economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This system believes consumers decide what will be made

Free Market Economy

Command Economy

Mixed Economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This system believes in laissez-faire that there should be NO government involvement in the market

Free Market Economy

Command Economy

Mixed Economy

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