
Economic Systems
Authored by Meredith Westerterp
Social Studies
6th - 10th Grade
Used 4+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is NOT an essential question of economics?
What to produce
How to produce it
Where to sell it
Who gets it
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of economy is based on customs and how things have always been done?
Traditional
Free Market
Communist
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This economic system does NOT encourage new ideas and change happens very slowly
Mixed
Socialist
Traditional
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This economic system has little government interference and is based upon the relationship between producer and consumer
Communist
Free Market
Socialist
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are economic systems considered to be a sliding scale?
They change every 10 years
Its not a scale it is fixed
No country is truly just one economic system, they are a combination of two usually
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a Free Market economy prices are determined by
Supply and Demand
Supply and Recall
Demand and Purpose
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In this economic system the government controls everything. Deciding what to produce, how to produce it, and who gets it.
Socialist
Traditional
Communist
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