Four Economic Systems

Four Economic Systems

10th - 12th Grade

10 Qs

quiz-placeholder

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Four Economic Systems

Four Economic Systems

Assessment

Quiz

Other

10th - 12th Grade

Practice Problem

Medium

Created by

Ms. Palmieri

Used 625+ times

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10 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

________ is the most basic or fundamental economic problem.

Scarcity
Labor
Greed
Capital

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economy do most countries in the world have?

Market economy
Command economy
Traditional economy
Mixed economy

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