Economy Types

Economy Types

7th - 12th Grade

17 Qs

quiz-placeholder

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Economy Types

Economy Types

Assessment

Quiz

Social Studies

7th - 12th Grade

Medium

Created by

Cory Bougher

Used 385+ times

FREE Resource

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economy is family/agricultural based?

traditional

market

mixed

command

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economy is privately owned so everyone can participate?

traditional

market

mixed

command

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economy is government owned?

traditional

market

mixed

command

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economy is a mix of all 3 other types?

traditional

market

mixed

command

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All economies trade goods and services.

yes

no

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A sum of the goods and services a country produced each year

supply & demand

Gross Domestic Product (GDP)

standard of living

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A higher GDP means a country is producing more stuff than other countries

yes

no

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