Search Header Logo

QUIZ 6.2: ECONOMIC SYSTEMS REVIEW

Authored by G Wells

Social Studies, History, Geography

KG - 12th Grade

Used 7+ times

QUIZ 6.2: ECONOMIC SYSTEMS REVIEW
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

THE BIG 3 ECONOMIC QUESTIONS ADDRESS WHICH NEEDS?

WHAT TO IMPORT, WHERE TO IMPORT IT, AND HOW MUCH TO CHARGE FOR IT

WHAT TO TAX, HOW MUCH TO TAX, AND WHAT TO EXCLUDE

WHAT TO PRODUCE, HOW TO PRODUCE IT, AND WHO TO PRODUCE IT FOR

WHAT TO EXPORT, WHERE TO SHIP IT, AND WHEN TO EXPORT

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In a command economy, many basic needs like health care, jobs, and education, are determined and provided by the central government, but...

individual freedom is very limited

taxes are low

there is a lot of crime

public safety is limited

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Living off the land, trading items and tools instead of money, and having a community's decisions about food and resources determined by custom and tradition, are features of...

command economies

market economies

mixed economies

traditional economies

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Prices and brand decisions may be determined by popularity with customers. Businesses also determine their policies without much interference from the government. But there is risk of failure and unemployment.

Command Economy

Market Economy

Mixed Economy

Traditional Economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

An economic system is...

the way a country determines its judicial system

the way a country appoints its political leaders

the way a country determines its relationship between federal and state governments

the way a country organizes its resources and produces goods and services

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?