Economic Systems

Quiz
•
Social Studies
•
5th - 7th Grade
•
Hard
Elizabeth Bareswilt
Used 9K+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following do economic systems organize for societies? (Check all that apply)
Production of goods and services
Distribution of goods and services
Consumption of goods and services
Destruction of goods and services
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following are the names of the types of economic systems? (Check all that apply)
Traditional
Universal
Command
Market
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system is based on customs and beliefs, people will do the same work as their parents, and the exchange of goods is through bartering (no money)?
Traditional
Command
Market
Mixed
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system does the government make all economic decisions and owns most of the property - it is sometimes called communism?
Traditional
Command
Market
Mixed
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system are all resources privately owned and the buyers and sellers answer the three economic questions?
Traditional
Command
Market
Mixed
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system is both market and command combined and most democratic countries fall into this category?
Traditional
Command
Market
Mixed
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system is it when people decided what to produce, people decide how to produce, and people only produce goods and services for themselves and trading purposes?
Traditional
Command
Market
Mixed
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