Economic Systems Review- Lat Am
Quiz
•
Geography
•
6th Grade
•
Medium
Meagan Nix
Used 6+ times
FREE Resource
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10 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
1. Which is not one of the 3 economic questions EVERY country must answer?
What to produce?
For whom to produce?
How to produce?
When to produce?
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
2. Who answers the 3 economic questions in a command economic system?
Businesses
Citizens
The government
Tribal leaders
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
3. Which economic system is based on customs and habits of the past?
Traditional
Command
Market
Mixed
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
4. Which economic system focuses on supply and demand?
Traditional
Command
Market
Mixed
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
5. What is supply and demand?
a tax on imported goods
bartering for goods and services
what the people want to buy determines what people produce
a limit on imports
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
6. What type of economic system do most democratic countries have?
Mixed
Traditional
Command
Market
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
7. What is Brazil doing to move further away from a command economy and closer to a market economy in recent years?
Giving the government all of the power to make economic choices
Collecting higher taxes
Giving businesses and citizens more freedom
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