
Econ Systems Review
Authored by Julie Grieco
Social Studies
12th Grade
Used 2+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All economic systems must provide answers to three of the following questions. Which question is not necessarily a concern of every economic system?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Adam Smith’s “invisible hand” theory refers to the role of
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a command economy, producers of goods and services make decisions primarily based on
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which kind of economy is most common today?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a major characteristic of a pure market economic system?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The main drawback of the traditional economy is that it
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Medicare is an example of
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