Economic Systems

Economic Systems

12th Grade

18 Qs

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Economic Systems

Economic Systems

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Paula Podber

Used 1+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 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.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A command economy is when the government is in control.

True
False

3.

MULTIPLE CHOICE QUESTION

1 min • 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

4.

MULTIPLE CHOICE QUESTION

1 min • 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

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is an economic system where only the government makes the economic decisions?

traditional economy

free enterprise

mixed economy

command economy

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What type of economy do most countries in the world have?

Market economy

Command economy

Traditional economy

Mixed economy

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The country of North Korea has a dictator that makes all of the economic decisions. What type of economy is this?

Traditional

Market

Command

Centrally Planned

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