Economic Systems

Economic Systems

9th - 12th Grade

12 Qs

quiz-placeholder

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Economic Systems

Economic Systems

Assessment

Quiz

Life Skills

9th - 12th Grade

Practice Problem

Medium

Created by

Jessica McCuan

Used 74+ times

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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Free enterprise is a componet of which economic system?

Command

Market

Traditional

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Total government involvement is associated with which system?

Command

Market

Tradition

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Government controls the factors of production and makes all the decisions.

Command

Market

Tradition

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In _______ economy, there is no government involvement in economic decisions

Command

Market

Tradition

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this system, goods and services are bartered and there is no formal system.

Market

Command

Traditional

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______ is characterized by private ownership of businesses and marketplace competition.

Capitalism

Socialism

Communism

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This characterized by increased government involvement in people’s lives and the economy with the main goal to keep prices low for all people and to provide employment for many. Private enterprise still exists.

Capitalism

Socialism

Communism

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