Economic Systems Review

Economic Systems Review

7th - 12th Grade

20 Qs

quiz-placeholder

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Economic Systems Review

Economic Systems Review

Assessment

Quiz

Social Studies

7th - 12th Grade

Practice Problem

Medium

Created by

Mark Erdosy

Used 28+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a market economy?

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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