Economic Systems

Economic Systems

9th - 12th Grade

28 Qs

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Economic Systems

Economic Systems

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Kevin Neal

Used 4+ times

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28 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The government plans how to use resources to make goods and services.

Market Economy

Traditional Economy

Command Economy

Mixed Economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Producers and consumers determine how to use resources and make goods based on supply and demand in the market, without government interference.

Market Economy

Traditional Economy

Command Economy

Mixed Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People use the resources they have to make only what they need to survive.

Market Economy

Traditional Economy

Command Economy

Mixed Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Both supply and demand and the government influence how resources are used to make goods and services.

Market Economy

Traditional Economy

Command Economy

Mixed Economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most countries in the world have a ___________________ economy.

Traditional
Command
Mixed
Market

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economy is not on the economic continuum?

Mixed
Traditional
Command
Market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Katia is an accountant in a government run business where she was placed after graduation.

Command
Traditional
Free Market
Mixed

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