Search Header Logo

Economic Systems

Authored by Rachel Nancoo-Charles

Business

12th Grade

Used 11+ times

Economic Systems
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An economic system in which individuals and businesses make decisions about what to produce.

Market economy

Mixed economy

Communism

Command economy

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

There are four types of economic systems. Most economies are _____.

Traditional

Command

Market

Mixed

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

With which term is a command economic system MOST closely associated?

Entrepreneurship

Economic Freedom

Perfect competition

Governmental regulation

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Competition and profit motive are important characteristics of a:

command economy

traditional economy

market economy

socialist economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economic system is based on customs and beliefs?

Market
Mixed
Traditional
command

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The four types of economic systems are: 

Traditional, Command, Mixed, & Market
Traditional, Command, Combined, & Market
Communism, Capitalism, Free Market, and Macroeconomics
Microeconomics, Macroeconomics, Individual, and Traditional.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

If my government is selling me bread for $5 a loaf, and I have no choice but to buy that type of bread, I live in a _____ economy. 

Traditional 
Market 
Command 
Mixed

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?