World Economic Systems

World Economic Systems

8th Grade

20 Qs

quiz-placeholder

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World Economic Systems

World Economic Systems

Assessment

Quiz

Geography

8th Grade

Practice Problem

Medium

Created by

Benjamin Miller

Used 8+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A _____________ economy is completely determined and controlled by a central planning authority or the government

Traditional

Command

Mixed

Market

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A ______________ economy is guided primarily by custom, habit, and ritual.

Traditional

Command

Mixed

Market

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Moana's village would be an example of a ___________ economy.

Traditional

Planned/command

Mixed

Free-market

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A _____________ economy is driven entirely by voluntary exchange in markets

Traditional

Command

Mixed

Market

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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

Traditional

Command

Mixed

Market

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The vast majority of the world's economies are mixed - they are market based economies with some extent of government involvement.

True

False

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is a tariff?

a ban on trading with a country
a service fee on products
a tax on products coming into the country
countries can trade freely

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