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Economic Systems Quiz

Authored by AARON KEESEE

Social Studies

12th Grade

Used 2+ times

Economic Systems Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

In this type of economy, the individual decides who to sell their products to.  

Traditional 
Mixed 
Market
Command

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

I am a farmer in Africa, and have always traded for my goods.  I have a _____ economy. 

Traditional 
Command 
Market
Mixed

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A _________ economy is a market-based system in which the government is involved to some extent.

Traditional

Planned/command

Mixed

Free Market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economic system allows the government to decide what to produce, how to produce and for whom to produce?

Market
Mixed
Command
Traditional

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

The government has little to no role in the production of goods in this type of economy. 

Traditional 
Mixed
Command 
Market

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economic system is based on customs and beliefs?

Market
Mixed
Traditional
command

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The four types of economic systems are: 

Traditional, Command, Mixed, & Market
Traditional, Command, Combined, & Market
Communism, Capitalism, Free Market, and Macroeconomics
Microeconomics, Macroeconomics, Individual, and Traditional.

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