Economic Systems
Authored by Christopher Russo
Social Studies
9th - 12th Grade
Used 39+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is NOT one of the three basic questions of economics when looking at economic systems?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system heavily influenced by habits, customs, past practice, and/or beliefs
Traditional
Command/Centrally Planned
Free Market
Mixed
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The government directly influences and controls business practices because it owns natural and capital resources
Traditional
Command/Centrally Planned
Free Market
Mixed
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Privately owned factors of production
(Households own ALL land, labor, capital)
Traditional
Command/Centrally Planned
Free Market
Mixed
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic system that combines elements of all other systems
Traditional
Command/Centrally Planned
Free Market
Mixed
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Roles of individuals are static/unchanging from generation to generation
Traditional
Command/Centrally Planned
Free Market
Mixed
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
No government involvement/regulation of business transaction
Traditional
Command/Centrally Planned
Free Market
Mixed
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