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SY21-22 Lesson 1 Economics Practice

Authored by Ms Perry

Geography

9th - 12th Grade

30 Questions

Used 1+ times

SY21-22 Lesson 1 Economics Practice
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a characteristics of a market economy?

lack of choice
individual choice
competition
central ownership of property

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy has central ownership and lack of individual choice?

Market Economy
Mixed Economy
Command Economy
Traditional Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economic system bases its decisions on custom?

Market Economy
Mixed Economy
Command Economy
Traditional Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy is run by the businesses & business owners?

Command
Mixed
Communist
Market

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy is based on traditions and beliefs?

Command
Market
Traditional
Mixed

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy involves trading, and doesn't usually use money?

Command
Traditional
Market
Mixed

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy has the government making all decisions?

Market
Mixed
Traditional
Command

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