Types of Economic Systems and Activities

Types of Economic Systems and Activities

6th - 8th Grade

15 Qs

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Types of Economic Systems and Activities

Types of Economic Systems and Activities

Assessment

Quiz

Social Studies

6th - 8th Grade

Practice Problem

Hard

Created by

Joycy Joy

Used 27+ times

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15 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

How many types of economies exist in the world?

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A traditional economy mainly appears in ______countries.

rich

poor

any country in the world

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a traditional economy, the goods and services are traded with other countries.

true

false

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A traditional economy is also known as __________

Subsistence economy

market economy

command economy

mixed economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A combination of all the types of economies

subsistence economy

mixed economy

capitalist economy

traditional economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Here, the government takes control of the whole economy.

mixed economy

traditional economy

command econmy

capitalist economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this type of economy, the freedom of the individual in terms of choices of products, services and prices is given importance.

subsistence economy

command economy

market economy

mixed economy

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