Economic Systems Quiz

Economic Systems Quiz

6th - 7th Grade

10 Qs

quiz-placeholder

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Economic Systems Quiz

Economic Systems Quiz

Assessment

Quiz

Social Studies

6th - 7th Grade

Medium

Used 54+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic decisions are based on customs, traditions and habits

market economy

traditional economy

command economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Three (3) basic economic questions are

how to produce, why to produce, and for whom to produce

what to produce, when to produce and who to produce for

what to produce, how to produce and for whom to produce

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Exchanging goods without using money is called

goods

services

barter

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What type of economy do most countries in the world have?

Communist economy
Command economy
Traditional economy
Mixed economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who decides what to produce in a traditional economy?

People follow their customs and past generations

The government decides

Buyers and sellers

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

I am an economy in which individual consumers and producers (buyers and sellers) make economic decisions. What type of economic system am I?

market economy

traditional economy

command economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Pure command and pure market economies EXIST in the world today.

True

False

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