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Economic Systems

Authored by Adam DeLaet

Social Studies

12th Grade

Used 9+ times

Economic Systems
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24 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This describes how a country’s economy is organized:

Economic System

Production Possibilities

Supply

Scarcity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system must answer three questions. Which is NOT one of those?

What to produce?

How to produce?

For whom to produce?

How much to produce?

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT a type of economic system?

Traditional

Market

Command

Split

Mixed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A mixed economy is a combination of:

Traditional and Market

Command and Traditional

Command and Market

Traditional and mixed

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system in which economic decisions are based on customs and beliefs:

Traditional

Mixed

Market

Command

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system consists of bartering to exchange goods?

Traditional

Mixed

Market

Command

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When ancestors and customs make economic decisions, this is an example of which economy?

Traditional

Market

Mixed

Command

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