Econ Systems
Authored by Scott Olson
Social Studies
9th Grade
Used 79+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The major types of economic systems are
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a ____________ economy, a central authority makes most of the WHAT, HOW, and FOR WHOM decisions.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a major characteristic of a pure market economic system?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The main drawback of the traditional economy is that it
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a command economy, producers of goods and services make decisions primarily based on
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Almost all economic systems today are
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What forces people to make economic choices?
Need for shelter
Abundance of goods
Scarcity of resources
Desire for profit
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