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Economic systems

Authored by Sara Schroeder

Social Studies

9th - 11th Grade

Used 20+ times

Economic systems
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16 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic system based on private ownership of industries and businesses

Free market economy

Mixed Economy

Command Economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the ideal society envisioned by the Karl Marx where  everything is shared equally 

Capitalism

Communism

Socialism

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The role of the government is to not restrict/control the economy 

Free market economy

Mixed Economy

Command Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

prices and how much to produce is set by the law of supply and demand

Free market economy

Mixed Economy

Command Economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

there is no private ownership - they have no influence over economic decisions 

Free market economy

Mixed Economy

Command Economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The government makes all economic decisions about investment, prices, wages, and production levels.  

Free market economy

Mixed Economy

Command Economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All industries/ businesses are owned by the government

Free market economy

Mixed Economy

Command Economy

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