Economic Systems

Economic Systems

7th Grade

10 Qs

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Economic Systems

Economic Systems

Assessment

Quiz

Geography, Social Studies

7th Grade

Practice Problem

Medium

Created by

Malak Kirdasi

Used 883+ times

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10 questions

Show all answers

1.

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.

2.

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

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

If my government is selling me bread for $5 a loaf, and I have no choice but to buy that type of bread, I live in a _____ economy. 

Traditional 
Market 
Command 
Mixed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In this type of economy, the individual decides who to sell their products to.  

Traditional 
Mixed 
Market
Command

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

I am a farmer in Africa, and have always traded for my goods.  I have a _____ economy. 

Traditional 
Command 
Market
Mixed

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A _________ economy is a market-based system in which the government is involved to some extent.

Traditional

Planned/command

Mixed

Free Market

7.

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

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