Economic Systems HPMS

Economic Systems HPMS

8th Grade

11 Qs

quiz-placeholder

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Economic Systems HPMS

Economic Systems HPMS

Assessment

Quiz

History, Other

8th Grade

Medium

Created by

Cindy Reedy

Used 29+ times

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11 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The four major economic systems include all but which one?

Mixed Economy

Command Economy

Traditional Economy

Classic Economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mixed economies, like the USA, thrive because of entrepreneurs and

government actions

government controls

competition

property grants

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The way a country deals with the production, distribution, and consumption of goods and services within its society is known as its . . .

government.

entrepreneurship.

production cost.

economic system.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There are different types of economic systems. The one that a country develops for the use of its limited productive resources depends mainly upon . . .

the extent of government involvement.

a country's population.

the diversity of the country.

the country's leaders.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What will be produced? Who will produce it? For whom will it be produced? Are called the . . .

Questions for Consumers

The Three Basic Economic Questions

Government's Involvement

Needs of Economic Markets

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Nigel watched as the cattle crossed the stream. He was a herder, just like his father, grandfather, and great-grandfather had been. Once, he had hoped to go to college, but he had to settle for the old ways. Nigel was part of a . . .

Traditional Economy

Mixed Economy

Command Economy

Classic Economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The economic system of the United States, along with that of most economies today, is a __________ economy.

traditional

mixed

command

democratic

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