Economic Systems

Economic Systems

9th Grade

20 Qs

quiz-placeholder

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Economic Systems

Economic Systems

Assessment

Quiz

Geography, Social Studies

9th Grade

Practice Problem

Medium

Created by

Jeffrey Keefe

Used 23+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People meet their basic needs much as their ancestors did.

Socialist (Mixed) Economy

Free Enterprise (Capitalist/Free Market) Economy

Communist (Command) Economy

Traditional Economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People freely produce and buy what they want.

Socialist (Mixed) Economy

Free Enterprise (Capitalist/Free Market) Economy

Communist (Command) Economy

Traditional Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Government owns some (but not all) basic industries.

Socialist (Mixed) Economy

Free Enterprise (Free Market/Capitalist) Economy

Communist (Command) Economy

Traditional Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Government sets all economic goals to be met.

Socialist (Mixed) Economy

Free Enterprise (Free Market/Capitalist) Economy

Communist (Command) Economy

Traditional Economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic decisions are made on the basis of customs and beliefs handed down from one generation to another.

Socialist (Mixed) Economy

Free Enterprise (Free Market/Capitalist) Economy

Communist (Command) Economy

Traditional Economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. What should be produced?

2. How should it be produced?

3. Who gets what is produced?


In this economic system, the three fundamental economic questions above are answered by the interplay between consumers and producers.

Socialist (Mixed) Economy

Free Enterprise (Free Market/Capitalist) Economy

Communist (Command) Economy

Traditional Economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Private ownership of smaller businesses is allowed.

Socialist (Mixed) Economy

Free Enterprise (Free Market/Capitalist) Economy

Communist (Command) Economy

Traditional Economy

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