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Economic Systems Review

Authored by Mary Delach

History, Social Studies

5th - 7th Grade

Used 19+ times

Economic Systems Review
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11 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All the ways a community makes and spends its money.

Supply and Demand

Economy

Producer

Consumer

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The idea that if more of a product is wanted more of that product will be produced.

Consumer

Producer

Supply and Demand

Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The people creating products

Supply and Demand

Producer

Consumer

Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The people who purchase the products being produced.

Consumer

Economy

Producer

Supply and Demand

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this type of economy the things that are being produced are decided based on custom.

Mixed Economy

Market Economy

Traditional Economy

Command Economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The government makes all major decisions in this type of economy.

Mixed Economy

Market Economy

Command Economy

Traditional Economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which economic system do the consumers who are willing to spend money make the decisions on what gets produced?

Mixed Economy

Market Economy

Traditional Economy

Command Economy

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