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Economic Systems Quiz Review

Authored by Carlene Baurichter

Social Studies

9th - 12th Grade

Used 2+ times

Economic Systems Quiz Review
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26 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The government makes most economic decisions.

command economy

market economy

traditional economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Businesses are privately owned by individuals.

command economy

market economy

traditional economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People living in this type of economy often lack technology.

command economy

market economy

traditional economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Bartering is a common practice in this economic system.

command economy

market economy

traditional economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There is little incentive to produce quality goods in this economy because everyone generally makes the same amount of money regardless of quality.

command economy

market economy

traditional economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There are often huge gaps between the poor and the wealthy.

command economy

market economy

traditional economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Individuals are free to make their own economic decisions.

command economy

market economy

traditional economy

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