
Traditional, Command, Market Economies
Authored by Ranatta Grace
Social Studies
6th - 8th Grade
Used 19+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of economic system bases it decisions on custom, culture, and rituals?
Traditional
Market
Command
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economy is "CONTROLLED" by the GOVERNMENT?
Market
Traditional
Command
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economy is run by the businesses and consumers?
Command
Traditional
Market
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of economy involves trading, and does not usually use money?
Command
Market
Traditional
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economy has the GOVERNMENT "making ALL the decisions"?
Command
Traditional
Market
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Under a command system, who owns the factors of production?
Market
Command
Traditional
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In this economy, the price of a t-shirt is determined by the consumers
Market
Command
Traditional
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