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Economic Systems

Authored by Kimberly Davis

Social Studies

9th - 12th Grade

Used 26+ times

Economic Systems
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10 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A command economy is when the government is in control.

True
False

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is an economic system in which the government and people are used to decide how to use scarce resources?

Market economy

Command economy

Traditional economy

Mixed economy

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What type of economy do most countries in the world have?

Market economy

Command economy

Traditional economy

Mixed economy

4.

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

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The government gets to decide who gets what

Traditional

Command

Mixed

Market

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In a command economy, who holds power over the economy?

The people

The government

Beyonce

The traditions of your ancesetors

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Businesses have freedom to produce whatever they think consumers will buy

Market

Command

Mixed

Traditional

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