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Economic Systems Quiz

Authored by shawn pritchett

Social Studies

12th Grade

Economic Systems Quiz
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11 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

SSEF4 Which is a fundamental questions every society must answer?

What goods and services are to be produced?
How are the goods and services to be produced?
For whom are the goods being produced
All of the above

2.

MULTIPLE CHOICE QUESTION

3 mins • 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.

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

SSEF4a Which type of economic system would have the least amount of government regulation?

Traditional
Command
Market
Socialist

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An economic system based on equity and in which the government decides what gets made and sets prices is called a

market economy
traditional economy
political economy
command economy

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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

Communist economy
Command economy
Traditional economy
Mixed economy

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Which of the following is NOT one of the questions that ALL economic systems answer?

What will we produce?

How will we produce it?

For whom will it be produced?

When does production start?

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The government plans how to use resources to make goods and services.

Market Economy

Traditional Economy

Command Economy

Mixed Economy

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