
C&E: Types of Economies
Authored by Megan O'Brien
History, Other
8th Grade
Used 1+ times

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14 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
Capitalism
Socialism
Communism
2.
FILL IN THE BLANKS QUESTION
20 sec • 1 pt
A theory that advocates shared or governmental ownership of resources
(a)
3.
FILL IN THE BLANKS QUESTION
20 sec • 1 pt
An economic and social system in which private ownership is completely eliminated and society collectively owns the rights to all resources
(a)
4.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
These are the benefits of a free market economy (check all that apply)
Competition
The invisible hand
Government interference is discouraged
A dictator leads the economy
5.
FILL IN THE BLANKS QUESTION
20 sec • 1 pt
The buildings, equipment, and human skills used to produce goods and services
(a)
6.
FILL IN THE BLANKS QUESTION
20 sec • 1 pt
Money borrowed with a promise to pay it back later with interest
(a)
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
An economic system that combines elements of market and command economies
Mixed Economy
Command Economy
Traditional Economy
Free Market Economy
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