
Types of Economy

Quiz
•
Geography
•
7th Grade
•
Medium
Cassidy Palan
Used 49+ times
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The government dictates what and how many goods and services are produced, prices and individual incomes, and who can purchase those goods and services and how much they can buy.
Traditional
Command
Mixed
Free Market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Businesses and Consumers are in control, government plays a limited role.
Command
Free Market
Mixed
Traditional
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False: Economics is the study of how people seek to satisfy their needs and wants by making choices.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of economy does not use money and relies on the barter system.
Command
Traditional
Mixed
Free Market
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who sets the prices in a command economy?
The citizens
The government
The Free Market
Both the government and the citizens
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of the government in a command economy?
They have total control of the economy
The consumers and producers have total control of the economy
They split control of the economy
There is not a government in a command economy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of the government in a Free Market economy?
They have total control of the economy
The consumers and producers have total control of the economy
They split control of the economy
There is not government in a command economy
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