Types of Economic Systems

Types of Economic Systems

6th - 8th Grade

•

27 Qs

quiz-placeholder

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Types of Economic Systems

Types of Economic Systems

Assessment

Quiz

•

Other

•

6th - 8th Grade

•

Practice Problem

•

Medium

Created by

Amber Lovas

Used 186+ times

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27 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

In my country, business is based on competition. Success comes from doing something better and cheaper than your competitors.

Traditional

Command

Market

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In my country, the government decide when we should expand old factories and build new ones.

Traditional

Command

Market

Mixed

3.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

In my country, I know that all my needs will be met, but not my wants.

Mixed

Command

Market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In my country my job is the same one that my family has done over the past 200 years.

Traditional

Command

Market

Mixed

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In my country, the government controls the economy. It assigns jobs, sets production goals, and decides wages.

Traditional

Command

Market

Mixed

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

In my country producers decide what and how much to make based on what people want to buy.

Traditional

Command

Market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In my country, the government has some involvement in the economy.

Traditional

Command

Market

Mixed

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