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Economic systems

Authored by #Serbianspirit #Serbianspirit

Geography

7th - 10th Grade

Used 38+ times

Economic systems
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11 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

Media Image

There are four types of economic systems. Most economies are _____.

Traditional

Command

Market

Mixed

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

With which term is a command economic system MOST closely associated?

Entrepreneurship

Economic Freedom

Perfect competition

Governmental regulation

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

Oil, natural gas, and coal

human resources

natural resources

entrepreneurship

capital resources

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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

Market
Mixed
Traditional
command

7.

MULTIPLE CHOICE QUESTION

45 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.

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