UNIT II QUIZ: Economic Systems

UNIT II QUIZ: Economic Systems

9th - 12th Grade

•

40 Qs

quiz-placeholder

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UNIT II QUIZ: Economic Systems

UNIT II QUIZ: Economic Systems

Assessment

Quiz

•

Social Studies

•

9th - 12th Grade

•

Hard

Created by

Jeremy Johnson

Used 3+ times

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40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The Goal of a command economy is to

allow for personal business to grow.

create equality within a society.

allow markets to thrive by themselves.

promote individualism.

2.

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.

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A command economy is when the government is in control.

True
False

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Government planning groups make the basic economic decisions such as which goods and service to produce, prices and wage rates.

Command

Traditional

Market

Mixed

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An economic system in which people usually produce just what they need to survive.

Traditional

Command

Market

Mixed

6.

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

7.

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

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