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ECONOMIC SYSTEMS

Authored by Maxine Palmer

History

9th Grade

Used 12+ times

ECONOMIC SYSTEMS
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20 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

An economic system in which individuals and businesses make decisions about what to produce.

Market economy

Mixed economy

Communism

Command economy

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What are capital resources?

things from nature used to produce goods
the machines, tools, and buildings used to produce goods
the people used to produce goods

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Competition and profit motive are important characteristics of a:

command economy

traditional economy

market economy

socialist economy

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What type of economic system is based on customs and beliefs?

Market
Mixed
Traditional
command

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The four types of economic systems are:

Traditional, Command, Mixed, & Market

Traditional, Command, individual, & Market

Communism, Capitalism, Free Market, and Macroeconomics

Microeconomics, Macroeconomics, Individual, and Traditional.

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

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

Traditional 
Mixed 
Market
Command

7.

MULTIPLE CHOICE QUESTION

45 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

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