4.2 Economic Systems

4.2 Economic Systems

7th Grade

9 Qs

quiz-placeholder

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4.2 Economic Systems

4.2 Economic Systems

Assessment

Quiz

Social Studies

7th Grade

Medium

Created by

Susan Reed

Used 2+ times

FREE Resource

9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

makes all of the decisions in a command economy

private citizens

the government

United Nations

local mayor

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This country's oil industy is heavily regulated by the government.

Turkey

Israel

Saudi Arabia

Iraq

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this type of economic system, ideally citizens own all the country's land, resources, and factories?

market

traditional

command

mixed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most democratic nations have economic systems that are a(n) ___ of market and command.

mix

component

element

fusion

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the three countries is the most market leaning?

Turkey

Israel

Saudi Arabia

Afghanistan

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a traditional economy, goods and services are exchanged through

market

currency exchange

bartering

command

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economic systems is based on customs and traditions?

market

command

traditional

mixed

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which type of economic system are the price of goods and services controlled by the government?

market

command

traditional

mixed

9.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which country has the largest economy in the Middle East?

Saudi Arabia

Israel

Turkey