Political and Economic Systems
Authored by Blake Miller
Geography
9th - 12th Grade
Used 28+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Also called a capitalist economy. All economic decisions are made by businesses and consumers (NO GOVERNMENT INVOLVEMENT).
Traditional
Free
Mixed
Command
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All economic decisions are made by continuing to do things the way they’ve always been done. (Ex: Inherit land from parents)
Traditional
Free
Mixed
Command
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Also called a socialist economy. Economic decisions are shared between the government and people.
Traditional
Free
Mixed
Command
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Also called a communist economy. All economic decisions are made by the government.
Traditional
Free
Mixed
Command
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a disadvantage of a command economy?
Higher taxes
Little to no surplus
Government controls what people buy and sell
Private Property
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an advantage of a free market economy?
Higher taxes
People can buy and sell what they want.
Government controls what people buy and sell
No private property
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mexico is an example of a(n) ________, because it is transitioning from a primarily agricultural economy to an economy primarily focused on manufacturing and industrial activities.
more developed country
less developed country
newly industrialized country
industrialized country
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