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WS 2: Economic Systems

Authored by Sandrine Reid

Business

10th Grade

Used 2+ times

WS 2: Economic Systems
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16 questions

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1.

MULTIPLE CHOICE QUESTION

2 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.

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

Which of the following is an economic system in which economic decisions are made according to tradition & culture?

Market economy

Command economy

Traditional economy

Mixed economy

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is an economic system where only the government makes the economic decisions?

traditional economy

free enterprise

mixed economy

command economy

5.

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

6.

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

7.

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

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