What is a market economy?
Economic Systems Review

Quiz
•
Social Studies
•
7th - 12th Grade
•
Medium
Mark Erdosy
Used 28+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A combination of two economic systems
An economy where the government makes all decisions
An economy where customs and traditions make all decisions
An economy where individuals make all decisions
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a command economy?
An economy where individuals make all the decisions
An economy where customs and traditions make all decisions
A combination of two economic systems
An economy where the government makes all decisions
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a traditional economy?
An economy where the government makes all decisions
An economy where customs and traditions make all decisions
An economy where individuals make all decisions
A combination of two economic systems
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a mixed economy?
An economy where individuals makes all decisions
An economy where the government makes all decisions
A combination of two economic systems
An economy where customs and traditions make all decisions
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The United States is an example of which economic system?
Market
Command
Mixed Market
Traditional
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Currently, China is an example of which economic system?
Mixed Command
Command
Market
Mixed Market
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The former USSR (Soviet Union) featured which economic system that was the archenemy of the USA during the Cold War?
Command Economy
Market Economy
Traditional Economy
Mixed Economy
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