Ch 2 Economic Systems

Ch 2 Economic Systems

9th - 12th Grade

29 Qs

quiz-placeholder

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Ch 2 Economic Systems

Ch 2 Economic Systems

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Easy

Created by

Jonathan Getting

Used 38+ times

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29 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What type of economy is the United States?

mixed

command

market

socialist

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When it comes down to it, all economies are really..

command

market

traditional

mixed

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In a "Command Economy" who controls the factors of production (all economic decisions)?

the people (individuals)

elected financial representatives

the government

all decisions are voted upon

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which economic system bases their economic decisions on what their people have always done in the past?

mixed

traditional

command

market

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In Democratic Socialism, the similarities to capitalism would be..

no ownership of private property

gov't control of all factors of production

individuals can own businesses and property

all decisions are made by the ruler

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A _____________ economy is completely determined and controlled by a central planning authority or the government

Traditional

Planned/Command

Mixed

Free Market

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A ______________ economy is guided primarily by custom, habit, and ritual.

Traditional

Planned/command

Mixed

Free Market

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