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SS7E1 ECONOMIC SYSTEMS

Authored by J. K. Walker

Other

6th - 7th Grade

Used 27+ times

SS7E1 ECONOMIC SYSTEMS
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13 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The government makes ALL economic decisions.

COMMAND

MARKET

TRADITIONAL

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If your parents were peanut farmers, then you would be a peanut farmer also.

TRADITIONAL

COMMAND

MARKET

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

There are no pure command or pure market economies. Today most countries have traces of both command and market so they are considered.

MIXED

HYBRID

ANARCHY

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Cuba, North Korea, and the former Soviet Union had this type of system

COMMAND

TRADITIONAL

MARKET

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Businesses (run by private citizens) determine what goods/services are produced and how they will be made.

COMMAND

MARKET

TRADITIONAL

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Bartering (trading goods rather that using money) is used.

COMMAND

TRADITIONAL

MARKET

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Communist countries are closely related to this.

COMMAND

TRADITIONAL

MARKET

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